WEC Energy Group declares quarterly dividend

Rhea-AI Summary

The board of directors of WEC Energy Group has declared a quarterly cash dividend of 67.75 cents per share on its common stock. The dividend is payable on Dec. 1, 2021, to stockholders of record on Nov. 12, 2021. This announcement marks the 317th consecutive quarter that the company has paid a dividend, highlighting its commitment to returning value to shareholders. WEC Energy Group serves 4.6 million customers across multiple states, boasting over $37 billion in assets and being a prominent component of the S&P 500.

Positive

• Quarterly dividend of 67.75 cents per share enhances shareholder income.
• 317th consecutive quarterly dividend reflects strong financial stability and commitment to investors.

Negative

• None.

MILWAUKEE, Oct. 21, 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 Dec. 1, 2021, to stockholders of record on Nov. 12, 2021. This marks the 317^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 41,000 stockholders of record, 7,200 employees and more than $37 billion of assets.

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SOURCE WEC Energy Group

FAQ

What is the dividend amount declared by WEC Energy Group in October 2021?

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

When is the dividend payable for WEC Energy Group?

The dividend is payable on December 1, 2021.

What is the record date for the dividend payment from WEC Energy Group?

The record date for the dividend is November 12, 2021.

How long has WEC Energy Group been paying dividends?

WEC Energy Group has paid dividends for 317 consecutive quarters since 1942.

What services does WEC Energy Group provide?

WEC Energy Group serves 4.6 million customers across Wisconsin, Illinois, Michigan, and Minnesota.