Wisconsin Electric declares quarterly dividends

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Wisconsin Electric announced a quarterly cash dividend of 90 cents per share on its Preferred Stock, 3.60% Series, payable on Dec. 1, 2020. Shareholders on record as of Nov. 13, 2020 will qualify. Additionally, a $1.50 per share dividend on the Six Per Cent Preferred Stock will be paid on Jan. 31, 2021, to those on record by Jan. 14, 2021. This reflects the company's commitment to returning value to its shareholders amidst serving over 1.1 million electric and 490,000 gas customers in Wisconsin.

Positive

• Declared a quarterly cash dividend of 90 cents per share on Preferred Stock.
• Declared a quarterly cash dividend of $1.50 per share on Six Per Cent Preferred Stock.
• Affirmation of shareholder returns amidst a large customer base.

Negative

• None.

MILWAUKEE, Oct. 15, 2020 /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 Dec. 1, 2020, to stockholders of record on Nov. 13, 2020. The board also declared a quarterly cash dividend of $1.50 per share on the company's Six Per Cent Preferred Stock, payable Jan. 31, 2021, to stockholders of record on Jan. 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 Preferred Stock and $1.50 per share on its Six Per Cent Preferred Stock.

When will the dividends be paid?

The dividends will be paid on December 1, 2020, and January 31, 2021, respectively.

Who qualifies for the dividends declared by Wisconsin Electric?

Shareholders on record as of November 13, 2020, for the Preferred Stock and January 14, 2021, for the Six Per Cent Preferred Stock qualify for the dividends.

How many customers does We Energies serve?

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