Wisconsin Electric declares quarterly dividends

Rhea-AI Summary

On April 15, 2021, Wisconsin Electric's board declared a quarterly cash dividend of 90 cents per share on its 3.60% Series Preferred Stock, payable on June 1, 2021, to shareholders of record on May 14, 2021. Additionally, a quarterly cash dividend of $1.50 per share was announced for the Six Per Cent Preferred Stock, payable on July 31, 2021, with record date on July 14, 2021. Wisconsin Electric serves over 1.1 million electric and 490,000 natural gas customers in Wisconsin.

Positive

• Quarterly cash dividend of 90 cents per share on 3.60% Preferred Stock.
• Quarterly cash dividend of $1.50 per share on Six Per Cent Preferred Stock.
• Dividends scheduled for payment indicates company stability and shareholder returns.

Negative

• None.

MILWAUKEE, April 15, 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 June 1, 2021, to stockholders of record on May 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 July 31, 2021, to stockholders of record on July 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.

View original content:http://www.prnewswire.com/news-releases/wisconsin-electric-declares-quarterly-dividends-301270169.html

SOURCE Wisconsin Electric

FAQ

What is the dividend amount for Wisconsin Electric's Preferred Stock?

The dividend amount is 90 cents per share on the 3.60% Series Preferred Stock.

When will the dividends for Wisconsin Electric be paid?

The dividend on the 3.60% Series Preferred Stock will be paid on June 1, 2021, and the Six Per Cent Preferred Stock dividend will be paid on July 31, 2021.

What are the record dates for Wisconsin Electric's dividends?

The record date for the 3.60% Series Preferred Stock dividend is May 14, 2021, and for the Six Per Cent Preferred Stock, it is July 14, 2021.

How many customers does Wisconsin Electric serve?

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