Dividend Track Records

WEC Energy Group (WEC) will raise its quarterly dividend by 6.9 percent to 89.25 cents per share in 2024. This will mark the 22nd consecutive year of annual dividend increases by the utility company.

WEC Energy Group (WEC) will raise its quarterly dividend by 7.1 percent to 67.75 cents per share in 2021. This follows a dividend hike of 7.2 percent to $0.6325 per share in the first quarter of 2020 and will mark the 18th consecutive year of annual dividend increases by the utility company. In the press release dated December 3, 2020, announcing this increase, the company's directors expect to declare the new dividend at their regularly scheduled meeting in January. The dividend — which would be equivalent to an annual rate of $2.71 per share — would be payable March 1, 2021, to stockholders of record on Feb.14, 2021. "The board's review today is consistent with our ongoing plan that targets a dividend payout ratio of 65 to 70 percent of earnings," said Gale Klappa, executive chairman. The projected dividend growth for 2021 is in line with the company's longer-term objective to grow earnings per share at a rate of 5 to 7 percent annually. A new annualized dividen...

WEC Energy Group (WEC) will raise its quarterly dividend by 7.2 percent to $0.6325 per share in the first quarter of 2020. This will mark the 17th consecutive year of annual dividend increases by the utility company. The directors expect to declare the new dividend at their regularly scheduled meeting in January. The dividend – which would be equivalent to an annual rate of $2.53 per share – would be payable March 1, 2020, to stockholders of record on Feb. 14, 2020. "The board's review today is consistent with our ongoing plan to target a dividend payout ratio of 65 to 70 percent of earnings," said Gale Klappa, executive chairman. The projected dividend growth for 2020 is in line with the company's longer-term objective to grow earnings per share at a 5 to 7 percent average annual rate.  A new annualized dividend rate of $2.36 yields 3.2% at a stock price of $73.77. WEC Energy Group, Inc. is a holding company, which has electric and natural gas utility operati...