WEC Energy Group declares quarterly dividend

Rhea-AI Summary

WEC Energy Group (NYSE: WEC) has announced a quarterly cash dividend of 63.25 cents per share, payable on Sept. 1, 2020, to stockholders of record on Aug. 14, 2020. This marks the 312th consecutive quarter of dividend payments since 1942, showcasing the company's consistent commitment to returning value to its shareholders. WEC serves approximately 4.5 million customers across Wisconsin, Illinois, Michigan, and Minnesota, and holds around $35 billion in assets.

Positive

• Quarterly cash dividend of 63.25 cents per share announced.
• 312th consecutive quarter of dividend payments since 1942.
• Serves 4.5 million customers, indicating strong market presence.

Negative

• None.

MILWAUKEE, July 16, 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 Sept. 1, 2020, to stockholders of record on Aug. 14, 2020. This marks the 312^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.

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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 will the dividend be paid to shareholders?

The dividend will be paid on Sept. 1, 2020, to stockholders of record on Aug. 14, 2020.

How many consecutive quarters has WEC paid dividends?

WEC has paid dividends for 312 consecutive quarters since 1942.

How many customers does WEC Energy Group serve?

WEC Energy Group serves approximately 4.5 million customers across four states.