Wisconsin Electric declares quarterly dividends

Rhea-AI Summary

Wisconsin Electric's board declared a quarterly cash dividend of 90 cents per share on its Preferred Stock, 3.60% Series, payable on Dec. 1, 2021. The dividend is for stockholders of record as of Nov. 12, 2021. Additionally, a quarterly cash dividend of $1.50 per share on the Six Per Cent Preferred Stock was announced, payable on Jan. 31, 2022, for shareholders recorded by Jan. 14, 2022. We Energies, a subsidiary of WEC Energy Group (NYSE: WEC), serves over 1.1 million electric and 490,000 natural gas customers in Wisconsin.

Positive

• Declaration of a quarterly cash dividend of 90 cents enhances income for shareholders.
• Second quarterly cash dividend of $1.50 reflects company confidence in financial health.

Negative

• None.

MILWAUKEE, Oct. 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 Dec. 1, 2021, to stockholders of record on Nov. 12, 2021. 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, 2022, to stockholders of record on Jan. 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.

 

View original content:https://www.prnewswire.com/news-releases/wisconsin-electric-declares-quarterly-dividends-301405994.html

SOURCE Wisconsin Electric Power Co.

FAQ

What is the dividend amount declared by Wisconsin Electric?

Wisconsin Electric declared a cash dividend of 90 cents per share for its Preferred Stock.

When is the dividend payment date for Wisconsin Electric's Preferred Stock?

The dividend on the Preferred Stock is payable on December 1, 2021.

What is the dividend amount for the Six Per Cent Preferred Stock?

The dividend for the Six Per Cent Preferred Stock is $1.50 per share.

When will the Six Per Cent Preferred Stock dividend be paid?

The dividend on the Six Per Cent Preferred Stock is payable on January 31, 2022.

Who are the shareholders of record for the Wisconsin Electric dividends?

The record date for the Preferred Stock dividend is November 12, 2021, and for the Six Per Cent Preferred Stock is January 14, 2022.