Wisconsin Electric declares quarterly dividends

The Wisconsin Electric board has declared a quarterly cash dividend of 90 cents per share on its Preferred Stock, 3.60% Series, payable on Sept. 1, 2021.

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Rhea-AI Summary

The Wisconsin Electric board has declared a quarterly cash dividend of 90 cents per share on its Preferred Stock, 3.60% Series, payable on Sept. 1, 2021. Stockholders of record as of Aug. 13, 2021 will be eligible. Additionally, a quarterly cash dividend of $1.50 per share on the Six Per Cent Preferred Stock will be paid on Oct. 31, 2021, to stockholders of record on Oct. 14, 2021. We Energies, a subsidiary of WEC Energy Group (NYSE: WEC), serves over 1.1 million electric and 490,000 natural gas customers in Wisconsin.

Positive

Declaration of a 90 cents per share quarterly cash dividend on Preferred Stock, indicating strong financial health.
Announcement of a $1.50 per share quarterly cash dividend on Six Per Cent Preferred Stock, boosting shareholder income.

Negative

None.

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News Market Reaction – WEC

The recorded move for WEC in the trading session of this news was +1.72%.

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07/15/2021 - 03:15 PM EDT

MILWAUKEE, July 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 Sept. 1, 2021, to stockholders of record on Aug. 13, 2021. 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, 2021, to stockholders of record on Oct. 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:https://www.prnewswire.com/news-releases/wisconsin-electric-declares-quarterly-dividends-301335120.html