Wisconsin Electric declares quarterly dividends

Rhea-AI Summary

The Wisconsin Electric board of directors declared a quarterly cash dividend of 90 cents per share on the 3.60% Preferred Stock, payable on March 1, 2022, to stockholders of record on February 14, 2022. Additionally, a dividend of $1.50 per share on the Six Per Cent Preferred Stock will be paid on April 30, 2022, to stockholders of record on April 14, 2022. We Energies, a subsidiary of WEC Energy Group (NYSE: WEC), serves over 1.1 million electric and 490,000 gas customers in Wisconsin.

Positive

• Declaring dividends demonstrates financial stability and confidence in ongoing profitability.
• Quarterly cash dividends provide income for shareholders.

Negative

• None.

MILWAUKEE, Jan. 20, 2022 /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, 2022, to stockholders of record on Feb. 14, 2022. 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, 2022, to stockholders of record on April 14, 2022.

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.

We Energies
231 W. Michigan Street
Milwaukee, WI  53203 
Media line          414-221-4444
Fax                   414-221-2821 
www.we-energies.com 

View original content:https://www.prnewswire.com/news-releases/wisconsin-electric-declares-quarterly-dividends-301465292.html

SOURCE Wisconsin Electric Power Co.

FAQ

What are the dividend amounts declared by WEC Energy Group?

The board declared a cash dividend of 90 cents per share for the 3.60% Preferred Stock and $1.50 per share for the Six Per Cent Preferred Stock.

When will the dividends be paid to shareholders of WEC?

The dividends on the Preferred Stock will be paid on March 1, 2022, and the Six Per Cent Preferred Stock on April 30, 2022.

What are the record dates for WEC's declared dividends?

The record date for the 3.60% Preferred Stock dividend is February 14, 2022, and for the Six Per Cent Preferred Stock dividend, it is April 14, 2022.

How does the dividend impact WEC Energy Group's financial standing?

Declaring dividends indicates strong financial health and assures shareholders of consistent returns.