WEC Energy Group declares quarterly dividend

Rhea-AI Summary

WEC Energy Group (NYSE: WEC) has declared a quarterly cash dividend of 67.75 cents per share, payable on June 1, 2021 to shareholders of record by May 14, 2021. This dividend marks the 315th consecutive quarter of payouts, a streak dating back to 1942. The company serves approximately 4.6 million customers across several states, including Wisconsin and Illinois, and operates multiple utility subsidiaries and renewable generation facilities, with total assets of around $37 billion.

Positive

• Declaration of a quarterly cash dividend of 67.75 cents per share.
• 315th consecutive quarter of dividend payments, showcasing reliability for investors.
• Strong asset base of approximately $37 billion, supporting business stability.

Negative

• None.

MILWAUKEE, April 15, 2021 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 67.75 cents per share on the company's common stock.

The dividend is payable June 1, 2021, to stockholders of record on May 14, 2021. This marks the 315^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 4.6 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 the Midwest.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 42,000 stockholders of record, 7,300 employees and $37 billion of assets.

View original content:http://www.prnewswire.com/news-releases/wec-energy-group-declares-quarterly-dividend-301270166.html

SOURCE WEC Energy Group

FAQ

What is the dividend amount declared by WEC?

WEC Energy Group declared a dividend of 67.75 cents per share.

When will WEC's dividend be paid?

The dividend will be paid on June 1, 2021.

Who is eligible for WEC's dividend?

Shareholders of record by May 14, 2021, are eligible for the dividend.

How long has WEC been paying dividends?

WEC has been paying dividends for 315 consecutive quarters since 1942.