WEC Energy raises quarterly dividend by 8.3% to $0.78/share

• WEC Energy (NYSE:WEC) declares $0.78/share quarterly dividend, 7.2% increase from prior dividend of $0.73.
• Forward yield 3.4%
• Payable March 1; for shareholders of record Feb. 14; ex-div Feb. 13.
• See WEC Dividend Scorecard, Yield Chart, & Dividend Growth.

Comments

[Luvdividends]

This was announced Dec. 13.

[usiah]

Still good.

[RSRinehart]

@usiah -- How so? It's a mistake.

[usiah]

@RSRinehart

The actual raise (7.2%).

[RSRinehart]

@usiah -- Was that ever reported on SA?

[rocketjs]

Why are they not pulling this stupid post?

[Luvdividends]

I think they have 6 year olds writing these articles. There is more and more errors. Ive stopped relying on them.

[LK106218]

Someone wake up the IT guy. This headline cannot be correct and needs to be edited.

[sd55]

For WEC preferred stock shareholders:

MILWAUKEE, Jan. 19, 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 March 1, 2023, to stockholders of record on Feb. 14, 2023. 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, 2023, to stockholders of record on April 14, 2023.

[sd55]

MILWAUKEE, Jan. 19, 2023 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 78 cents per share on the company's common stock, an increase of 7.2 percent over the current quarterly dividend of 72.75 cents per share. This raises the annual dividend rate to $3.12 per share.

[GORDINV]

Attn: Seeking Alpha editors: Please correct this erroneous dividend announcement before some shareholder celebrates.

[sd55]

@GORDINV I sent the SA Editor a heads-up note to correct this article.

[JP Shanks]

Something def smelled off on this one.

[davidppp]

Nope. This is for the Preferred stock only.

[ahariani65]

It's a 7.2% increase to $0.78 on the common stock

[tdanzig]

Got to be a mistake. They just rose 7+% last payment.

[Graust]

Click on the blue “$.90/share quarterly dividend” and it will take you to their PREFERRED STOCK grrrrr. Effing SA. Get your poop in a group!

THE STOCK DID NOT RAISE THE DIVIDEND THAT MUCH. I bought some quickly before market close. Oi vey!

[tdanzig]

@Graust - Exactly.

[bill h illify]

Wow…my dad will be happy.

[LinuxMagic]

Are those dividend amounts correct?

investor.wecenergygroup.com/...

[Old Professor]

@LinuxMagic No. The dividend was just raised to 78¢. The percentage of the increase was seven and a fraction percentage (I forget the exact percentage).

[kewgardens]

Oh, baby. That is a very nice dividend hike — especially for a utility. I can’t remember the last time I saw a utility like $WEC with a long historical track record of dividend increases boost its payout so much.

[Old Professor]

@kewgardens Another bogus story from SA. The dividend was just today raised to 78¢. The percentage of the increase was seven and a fraction percentage (I forget the exact percentage).

[JP Shanks]

Amazing

[Bingy77]

Always surprised by people paying for this service. This is just wrong… it’s preferred shares.