Wisconsin Electric declares quarterly dividends

Rhea-AI Summary

On January 21, 2021, the board of Wisconsin Electric declared a quarterly cash dividend of 90 cents per share on its 3.60% Series Preferred Stock, payable on March 1, 2021, to stockholders of record on February 14, 2021. Additionally, a $1.50 per share dividend on the Six Per Cent Preferred Stock was declared, payable on April 30, 2021, for stockholders of record on April 14, 2021. Wisconsin Electric, a subsidiary of WEC Energy Group (NYSE: WEC), serves over 1.1 million electric and 490,000 natural gas customers in Wisconsin.

Positive

• Quarterly dividend of 90 cents per share demonstrates ongoing income for shareholders.
• The company maintains a strong customer base with over 1.1 million electric customers.

Negative

• None.

MILWAUKEE, Jan. 21, 2021 /PRNewswire/ -- The Wisconsin Electric board of directors today declared a quarterly cash dividend of 90 cents per share on the company's Preferred Stock, 3.60% Series, payable March 1, 2021, to stockholders of record on Feb. 14, 2021. The board also declared a quarterly cash dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable April 30, 2021, to stockholders of record on April 14, 2021.

Wisconsin Electric Power Co., doing business as We Energies, is a subsidiary of WEC Energy Group (NYSE: WEC). The company serves more than 1.1 million electric customers and more than 490,000 natural gas customers in Wisconsin. Visit the We Energies website at we-energies.com.

 

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SOURCE Wisconsin Electric

FAQ

What is the dividend amount declared by Wisconsin Electric?

Wisconsin Electric declared a quarterly cash dividend of 90 cents per share on its 3.60% Series Preferred Stock.

When will the dividends be paid for Wisconsin Electric?

The dividend of 90 cents per share will be payable on March 1, 2021, and the $1.50 dividend will be payable on April 30, 2021.

Who are the stockholders of record for the dividends?

The stockholders of record for the 90 cents dividend are those on record as of February 14, 2021, and for the $1.50 dividend, those on record as of April 14, 2021.

Which company is Wisconsin Electric a subsidiary of?

Wisconsin Electric is a subsidiary of WEC Energy Group (NYSE: WEC).

How many customers does Wisconsin Electric serve?

Wisconsin Electric serves over 1.1 million electric customers and more than 490,000 natural gas customers in Wisconsin.