Welcome to our dedicated page for Wisconsin Elec Pwr Co news (Ticker: WELPM), a resource for investors and traders seeking the latest updates and insights on Wisconsin Elec Pwr Co stock.
The news feed for WISC ELEC PWR 6 PR (WELPM) focuses on developments affecting Wisconsin Electric Power Company and its parent, WEC Energy Group Inc. Because WELPM is a preferred stock security of Wisconsin Electric Power Company, dividend declarations and financing updates from the utility and the broader WEC Energy Group are particularly relevant to holders of this issue.
Company news releases show that the Wisconsin Electric board of directors regularly declares quarterly cash dividends on its preferred stock, including the Six Per Cent Preferred Stock associated with WELPM. These announcements specify dividend amounts, payment dates and record dates, providing direct insight into the cash flows linked to the preferred stock. In addition, WEC Energy Group frequently announces dividends on its common stock, highlighting a long history of consecutive quarterly dividend payments.
Beyond dividends, WEC Energy Group news covers topics such as earnings release schedules, conference calls for investors and security analysts, and energy infrastructure projects. For example, the company has announced pilot projects to test long-duration energy storage technologies at its power plants, undertaken in collaboration with research organizations and technology providers. Such updates help illustrate the operating environment and strategic initiatives of the group that includes Wisconsin Electric Power Company.
Investors following WELPM can use this news page to monitor preferred stock dividend declarations at Wisconsin Electric Power Company, broader dividend policy and earnings communications at WEC Energy Group, and selected project and operational updates that shape the context for the utility’s capital structure. Regularly reviewing these items can help users understand how corporate actions and utility operations may relate to the WELPM preferred stock.
WEC Energy Group Inc. (NYSE: WEC) will announce its 2023 first-quarter earnings before the stock market opens on May 1. An investor conference call is scheduled for the same day at 1 p.m. Central time. Detailed financial information will be accessible on the company's website by 6:30 a.m. Central time. The company serves nearly 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota, with principal utilities including We Energies and Wisconsin Public Service. WEC Energy Group, a Fortune 500 company, operates a fleet of renewable generation facilities and has over $42 billion in assets.
The Wisconsin Electric board of directors has declared a quarterly cash dividend of 90 cents per share on the 3.60% Series Preferred Stock, payable on June 1, 2023, to stockholders of record by May 12, 2023. Additionally, a quarterly cash dividend of $1.50 per share on the Six Per Cent Preferred Stock will be paid on July 31, 2023, to stockholders of record by July 14, 2023. Wisconsin Electric Power Co., operating as We Energies, serves over 1.1 million electric and 490,000 natural gas customers in Wisconsin. This consistent dividend payment reflects the company's strong financial health and commitment to returning value to shareholders.
On April 20, 2023, WEC Energy Group (NYSE: WEC) announced a quarterly cash dividend of 78 cents per share, payable on June 1, 2023, to stockholders of record by May 12, 2023. This marks the 323rd consecutive quarter that the company has distributed dividends, a streak going back to 1942. WEC Energy Group serves approximately 4.6 million customers across Wisconsin, Illinois, Michigan, and Minnesota through its principal utilities, including We Energies and Wisconsin Public Service. With about $42 billion in assets and around 37,000 stockholders of record, WEC Energy Group is a Fortune 500 company and part of the S&P 500.
WEC Energy Group (NYSE: WEC) announced a pilot project at its Valley Power Plant in Milwaukee to test a new form of long-duration energy storage. This collaboration with EPRI and CMBlu Energy aims to evaluate a battery system that can discharge for five to ten hours, potentially doubling the duration of current lithium-ion batteries. The project, set for testing in Q4 2023, signifies a commitment to clean energy innovations, with findings to be shared with the utility industry in early 2024. The initiative reflects WEC's goals to enhance resilience and support the energy transition.
WEC Energy Group Inc. (NYSE: WEC) will release its 2022 fourth-quarter and full-year earnings on February 2, before the stock market opens. A conference call for analysts and investors is scheduled for the same day at 1 p.m. Central time. Detailed financial information will be accessible on the company's website starting at 6:30 a.m. Central time. Serving 4.6 million customers across Wisconsin, Illinois, Michigan, and Minnesota, WEC is a major energy provider with approximately $41 billion in assets and around 37,000 stockholders of record.
We Energies workers recently assisted in a dramatic rescue after a driver lost control of her SUV near Livingston, California. The utility crew, who were in the area restoring power following severe storms, acted quickly to save the driver from a 75-foot embankment. They utilized their first aid training to provide immediate assistance. The crew, part of a larger team sent to restore power for hundreds of thousands affected by the storms, completed their mission sooner than planned due to favorable conditions. We Energies serves over 1.1 million electric and natural gas customers in Wisconsin.
The Wisconsin Electric board has declared a quarterly cash dividend of 90 cents per share on the 3.60% Series Preferred Stock, payable on March 1, 2023, to stockholders of record by February 14, 2023. Additionally, a dividend of $1.50 per share on the Six Per Cent Preferred Stock will be paid on April 30, 2023, to stockholders recorded by April 14, 2023. Wisconsin Electric Power Co., operating as We Energies, is a subsidiary of WEC Energy Group (NYSE: WEC), serving over 1.1 million electric and 490,000 natural gas customers in Wisconsin.
On January 19, 2023, WEC Energy Group (NYSE: WEC) announced a quarterly cash dividend increase to 78 cents per share, up 7.2% from the previous 72.75 cents. This raises the annual dividend rate to $3.12 and marks the 322nd consecutive quarter of dividends, dating back to 1942. The dividend is payable on March 1, 2023, to stockholders of record as of February 14, 2023. Executive Chairman Gale Klappa stated that 2023 will mark the twentieth consecutive year of dividend increases, targeting a payout ratio of 65 to 70% of earnings.
ALLETE Inc. (NYSE: ALE) has appointed Charles Matthews to its board of directors, effective July 6, 2022. Matthews brings over 40 years of experience in the energy sector, notably serving as president and CEO of Peoples Gas and North Shore Gas where he improved financial performance and customer satisfaction. ALLETE's leadership believes Matthews' background in strategic planning and risk management will enhance their sustainability strategy. His previous roles include senior vice president at WE Energies and leadership positions at Mirant Corp. and Southern Company.
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