WEC Energy Group declares quarterly dividend

Rhea-AI Summary

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.

Positive

• Declared a dividend of 78 cents per share, emphasizing financial stability.
• 323 consecutive quarters of dividend payments highlight shareholder commitment.
• Serves 4.6 million customers, indicating a strong market presence.
• $42 billion in assets reflects robust financial health.

Negative

• None.

MILWAUKEE, April 20, 2023 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 78 cents per share on the company's common stock.

The dividend is payable June 1, 2023, to stockholders of record on May 12, 2023. This marks the 323^rd 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 4.6 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 states ranging from South Dakota to Texas.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 37,000 stockholders of record, 7,000 employees and more than $42 billion of assets.

View original content:https://www.prnewswire.com/news-releases/wec-energy-group-declares-quarterly-dividend-301803493.html

SOURCE WEC Energy Group

FAQ

What is the WEC Energy Group dividend amount for June 2023?

The dividend amount for June 2023 is 78 cents per share.

When will WEC Energy Group's dividend be paid?

The dividend will be paid on June 1, 2023.

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

The record date for the dividend is May 12, 2023.

How long has WEC Energy Group been paying dividends?

WEC Energy Group has been paying dividends for 323 consecutive quarters since 1942.

How many customers does WEC Energy Group serve?

WEC Energy Group serves approximately 4.6 million customers.