WEC Energy Group declares quarterly dividend

Rhea-AI Summary

WEC Energy Group (NYSE: WEC) declared a quarterly cash dividend of 63.25 cents per share, marking its 313th consecutive quarter of dividend payments since 1942. The dividend is payable on Dec. 1, 2020, to shareholders of record on Nov. 13, 2020. Serving 4.5 million customers across Wisconsin, Illinois, Michigan, and Minnesota, WEC operates under various utilities, including We Energies and Wisconsin Public Service. The company is a component of the S&P 500, with $35 billion in assets and approximately 45,000 stockholders.

Positive

• Quarterly cash dividend of 63.25 cents enhances shareholder value.
• Continued commitment to dividends with 313th consecutive quarter shows strong financial stability.
• Presence in multiple states with 4.5 million customers indicates robust market reach.

Negative

• None.

MILWAUKEE, Oct. 15, 2020 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 63.25 cents per share on the company's common stock.

The dividend is payable Dec. 1, 2020, to stockholders of record on Nov. 13, 2020. This marks the 313^th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders.

WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan and Minnesota.

The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in the Midwest.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 45,000 stockholders of record, 7,500 employees and $35 billion of assets.

View original content:http://www.prnewswire.com/news-releases/wec-energy-group-declares-quarterly-dividend-301153552.html

SOURCE WEC Energy Group

FAQ

What is the dividend amount declared by WEC Energy Group?

WEC Energy Group declared a quarterly cash dividend of 63.25 cents per share.

When is the dividend payable for WEC Energy Group?

The dividend is payable on December 1, 2020.

What is the record date for WEC Energy Group's dividend?

The record date for the dividend is November 13, 2020.

How long has WEC Energy Group been paying dividends?

WEC Energy Group has paid dividends for 313 consecutive quarters since 1942.