Wisconsin Electric declares quarterly dividends

Rhea-AI Summary

The Wisconsin Electric board has declared a quarterly cash dividend of 90 cents per share on its 3.60% Series Preferred Stock, payable on Sept. 1, 2020, for stockholders of record by Aug. 14, 2020. Additionally, a $1.50 per share dividend on the Six Per Cent Preferred Stock will be paid on Oct. 31, 2020, to stockholders of record by Oct. 14, 2020. Wisconsin Electric, operating as We Energies, is a subsidiary of WEC Energy Group, serving over 1.1 million electric and 490,000 natural gas customers in Wisconsin.

Positive

• Quarterly cash dividend of 90 cents per share shows strong financial health.
• Another dividend of $1.50 per share reinforces company commitment to rewarding shareholders.

Negative

• None.

News Market Reaction

+0.34%

1 alert

+0.34% News Effect

On the day this news was published, WEC gained 0.34%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MILWAUKEE, July 16, 2020 /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 Sept. 1, 2020, to stockholders of record on Aug. 14, 2020. The board also declared a quarterly cash dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable Oct. 31, 2020, to stockholders of record on Oct. 14, 2020.

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-301095046.html

SOURCE Wisconsin Electric

FAQ

What is the dividend amount declared by WEC on July 16, 2020?

WEC declared a dividend of 90 cents per share for its 3.60% Series Preferred Stock and $1.50 per share for its Six Per Cent Preferred Stock.

When will WEC's dividends be paid?

The dividends will be paid on Sept. 1, 2020, and Oct. 31, 2020, respectively.

Who will receive the dividends from WEC?

Stockholders of record on Aug. 14, 2020, for the first dividend and Oct. 14, 2020, for the second dividend will receive the payouts.

How many customers does WEC serve?

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