Wisconsin Electric declares quarterly dividends

Rhea-AI Summary

Wisconsin Electric, a subsidiary of WEC Energy Group (NYSE: WEC), has declared quarterly cash dividends for its preferred stockholders. The board announced a 90 cents per share dividend on the 3.60% Series Preferred Stock, payable on Sept. 1, 2024, to stockholders of record as of Aug. 14, 2024. Additionally, a $1.50 per share dividend was declared on the Six Per Cent Preferred Stock, payable on Oct. 31, 2024, to stockholders of record as of Oct. 11, 2024.

Wisconsin Electric Power Co., operating as We Energies, serves over 1.1 million electric customers and 490,000 natural gas customers in Wisconsin. This dividend declaration demonstrates the company's commitment to providing returns to its preferred shareholders.

Positive

• Consistent dividend payments to preferred stockholders
• Large customer base with over 1.1 million electric and 490,000 natural gas customers

Negative

• None.

News Market Reaction

-0.61%

1 alert

-0.61% News Effect

On the day this news was published, WEC declined 0.61%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MILWAUKEE, July 18, 2024 /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, 2024, to stockholders of record on Aug. 14, 2024. 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, 2024, to stockholders of record on Oct. 11, 2024.

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-302201078.html

SOURCE Wisconsin Electric Power Co.

FAQ

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

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

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

The payment date for the $1.50 per share dividend on Wisconsin Electric's Six Per Cent Preferred Stock is October 31, 2024.

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

The record date for the 3.60% Series Preferred Stock dividend is August 14, 2024.

How many customers does Wisconsin Electric (WEC) serve?

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