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 on its common stock, payable on Sept. 1, 2021, to stockholders of record as of Aug. 13, 2021. This dividend announcement marks the 316th consecutive quarter of dividend payments since 1942. The company serves approximately 4.6 million customers across Wisconsin, Illinois, Michigan, and Minnesota, and is recognized as a major player in the energy sector with a substantial asset base exceeding $37 billion.

Positive

• Quarterly dividend of 67.75 cents per share announced.
• 316th consecutive quarter of dividends reflects sustained financial performance.
• Strong customer base of 4.6 million across multiple states.

Negative

• None.

MILWAUKEE, July 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 Sept. 1, 2021, to stockholders of record on Aug. 13, 2021. This marks the 316^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.

View original content:https://www.prnewswire.com/news-releases/wec-energy-group-declares-quarterly-dividend-301335119.html

SOURCE WEC Energy Group

FAQ

What is the dividend amount for WEC Energy Group?

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

When is the dividend payable for WEC?

The dividend is payable on Sept. 1, 2021.

What is the record date for WEC's dividend?

The record date for the dividend is Aug. 13, 2021.

How long has WEC Energy Group been paying dividends?

WEC Energy Group has paid dividends for 316 consecutive quarters since 1942.

How many customers does WEC Energy Group serve?

WEC Energy Group serves approximately 4.6 million customers.