WEC Energy Group declares quarterly dividend

Rhea-AI Summary

WEC Energy Group (NYSE: WEC) declares a quarterly cash dividend of 83.50 cents per share, marking the 327th consecutive quarter of dividend payments since 1942. The company serves 4.7 million customers in four states and owns various utilities and generating plants.

MILWAUKEE, April 18, 2024  /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 83.50 cents per share on the company's common stock.

The dividend is payable June 1, 2024, to stockholders of record on May 14, 2024. This marks the 327^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 4.7 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 35,000 stockholders of record, 7,000 employees and more than $43 billion of assets.

View original content:https://www.prnewswire.com/news-releases/wec-energy-group-declares-quarterly-dividend-302121418.html

SOURCE WEC Energy Group

FAQ

What dividend was declared by WEC Energy Group (WEC)?

WEC Energy Group declared a quarterly cash dividend of 83.50 cents per share.

How many customers does WEC Energy Group serve?

WEC Energy Group serves 4.7 million customers in Wisconsin, Illinois, Michigan, and Minnesota.

What subsidiaries does WEC Energy Group own?

WEC Energy Group owns utilities such as We Energies, Wisconsin Public Service, Peoples Gas, and more, along with a subsidiary called We Power.

What is the asset value of WEC Energy Group?

WEC Energy Group has more than $43 billion in assets.

Is WEC Energy Group a Fortune 500 company?

Yes, WEC Energy Group is a Fortune 500 company and a component of the S&P 500.

How many stockholders does WEC Energy Group have?

WEC Energy Group has approximately 35,000 stockholders of record.

When is the dividend payable to stockholders?

The dividend is payable on June 1, 2024, to stockholders of record on May 14, 2024.

How long has WEC Energy Group been paying dividends consecutively?

WEC Energy Group has been paying dividends consecutively since 1942, marking the 327th quarter of dividend payments.