Wisconsin Electric declares quarterly dividends

Rhea-AI Summary

The Wisconsin Electric board of directors has declared a quarterly cash dividend of 90 cents per share on the 3.60% Series Preferred Stock, payable on June 1, 2023, to stockholders of record by May 12, 2023. Additionally, a quarterly cash dividend of $1.50 per share on the Six Per Cent Preferred Stock will be paid on July 31, 2023, to stockholders of record by July 14, 2023. Wisconsin Electric Power Co., operating as We Energies, serves over 1.1 million electric and 490,000 natural gas customers in Wisconsin. This consistent dividend payment reflects the company's strong financial health and commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of 90 cents per share on Preferred Stock.
• Quarterly cash dividend of $1.50 per share on Six Per Cent Preferred Stock.
• Strong financial health indicated by consistent dividend payments.
• Company serves over 1.1 million electric and 490,000 natural gas customers.

Negative

• None.

MILWAUKEE, April 20, 2023 /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 June 1, 2023, to stockholders of record on May 12, 2023. The board also declared a quarterly cash dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable July 31, 2023, to stockholders of record on July 14, 2023.

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.

View original content:https://www.prnewswire.com/news-releases/wisconsin-electric-declares-quarterly-dividends-301803519.html

SOURCE Wisconsin Electric Power Co.

FAQ

What is the dividend amount declared by Wisconsin Electric?

Wisconsin Electric declared a dividend of 90 cents per share on the 3.60% Series Preferred Stock and $1.50 per share on the Six Per Cent Preferred Stock.

When will the dividends be paid for Wisconsin Electric?

The dividends will be paid on June 1, 2023, for the 3.60% Series Preferred Stock and on July 31, 2023, for the Six Per Cent Preferred Stock.

What are the record dates for the dividends declared by Wisconsin Electric?

The record date for the 3.60% Series Preferred Stock is May 12, 2023, and for the Six Per Cent Preferred Stock, it is July 14, 2023.

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.

What is the stock symbol for Wisconsin Electric?

The stock symbol for Wisconsin Electric is WELPM, and it is part of WEC Energy Group, which trades under the symbol WEC.