Wisconsin Electric declares quarterly dividends

On April 15, 2021, Wisconsin Electric's board declared a quarterly cash dividend of 90 cents per share on its 3.60% Series Preferred Stock, payable on June 1, 2021, to shareholders of record on May 14, 2021.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

On April 15, 2021, Wisconsin Electric's board declared a quarterly cash dividend of 90 cents per share on its 3.60% Series Preferred Stock, payable on June 1, 2021, to shareholders of record on May 14, 2021. Additionally, a quarterly cash dividend of $1.50 per share was announced for the Six Per Cent Preferred Stock, payable on July 31, 2021, with record date on July 14, 2021. Wisconsin Electric serves over 1.1 million electric and 490,000 natural gas customers in Wisconsin.

Positive

Quarterly cash dividend of 90 cents per share on 3.60% Preferred Stock.
Quarterly cash dividend of $1.50 per share on Six Per Cent Preferred Stock.
Dividends scheduled for payment indicates company stability and shareholder returns.

Negative

None.

Argus Session date unavailable

+2.07% session move Open Argus

Details

News Market Reaction – WEC

The recorded move for WEC in the trading session of this news was +2.07%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

04/15/2021 - 03:50 PM EDT

MILWAUKEE, April 15, 2021 /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 June 1, 2021, to stockholders of record on May 14, 2021. The board also declared a quarterly cash dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable July 31, 2021, to stockholders of record on July 14, 2021.

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. Visit the We Energies website at we-energies.com.

View original content:http://www.prnewswire.com/news-releases/wisconsin-electric-declares-quarterly-dividends-301270169.html

SOURCE Wisconsin Electric

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount for Wisconsin Electric's Preferred Stock?

The dividend amount is 90 cents per share on the 3.60% Series Preferred Stock.

When will the dividends for Wisconsin Electric be paid?

The dividend on the 3.60% Series Preferred Stock will be paid on June 1, 2021, and the Six Per Cent Preferred Stock dividend will be paid on July 31, 2021.

What are the record dates for Wisconsin Electric's dividends?

The record date for the 3.60% Series Preferred Stock dividend is May 14, 2021, and for the Six Per Cent Preferred Stock, it is July 14, 2021.

How many customers does Wisconsin Electric serve?

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

Wisconsin Electric declares quarterly dividends