Wisconsin Electric declares quarterly dividends

Rhea-AI Summary

Wisconsin Electric, a subsidiary of WEC Energy Group (NYSE: WEC), has announced its quarterly dividend declarations. The company's board of directors declared a quarterly cash dividend of 90 cents per share on the Preferred Stock, 3.60% Series, payable March 1, 2025, to stockholders of record on February 14, 2025.

Additionally, a quarterly cash dividend of $1.50 per share on the Six Per Cent Preferred Stock will be paid on April 30, 2025, to stockholders of record on April 14, 2025. The company, operating as We Energies, serves over 1.1 million electric customers and 490,000 natural gas customers in Wisconsin.

Positive

• Consistent dividend payments indicating financial stability
• Large customer base with 1.1M electric and 490K gas customers
• Maintained quarterly dividend rates for both preferred stock series

Negative

• None.

News Market Reaction – WEC

+2.95%

+2.95% Session move

In the trading session that priced this news, WEC gained 2.95%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MILWAUKEE, Jan. 16, 2025 /PRNewswire/ -- The Wisconsin Electric board of directors today declared a quarterly cash dividend of 90 cents per share on the company's Preferred Stock, 3.60% Series, payable March 1, 2025, to stockholders of record on Feb. 14, 2025. The board also declared a quarterly cash dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable April 30, 2025, to stockholders of record on April 14, 2025.

Wisconsin Electric Power Co., doing business as We Energies, is a subsidiary of WEC Energy Group (NYSE: WEC). The company serves more than 1.1 million electric customers and more than 490,000 natural gas customers in Wisconsin. Go to the We Energies website at we-energies.com.

View original content:https://www.prnewswire.com/news-releases/wisconsin-electric-declares-quarterly-dividends-302353632.html

SOURCE Wisconsin Electric Power Co.

FAQ

What is the dividend amount for WEC's 3.60% Series Preferred Stock?

Wisconsin Electric declared a quarterly cash dividend of 90 cents per share on the Preferred Stock, 3.60% Series.

When is the payment date for WEC's Six Per Cent Preferred Stock dividend?

The Six Per Cent Preferred Stock dividend will be paid on April 30, 2025.

What is the record date for WEC's 3.60% Series Preferred Stock dividend?

The record date for the 3.60% Series Preferred Stock dividend is February 14, 2025.

How many customers does Wisconsin Electric (WEC) serve?

Wisconsin Electric serves more than 1.1 million electric customers and more than 490,000 natural gas customers in Wisconsin.

What is the quarterly dividend amount for WEC's Six Per Cent Preferred Stock?

The quarterly cash dividend for the Six Per Cent Preferred Stock is $1.50 per share.