WEC Energy (WEC) Raises Quarterly Dividend 6.3% to $0.5525; 3.5% Yield

WEC Energy (NYSE: WEC) declared a quarterly dividend of $0.5525 per share, or $2.21 annualized. This is a 6.3% increase from the prior dividend of $0.52.

The dividend will be payable on March 1, 2018, to stockholders of record on February 14, 2018, with an ex-dividend date of February 13, 2018.

The annual yield on the dividend is 3.5 percent.

"With today's action by our board, 2018 will be the fifteenth consecutive year of dividend increases for our stockholders," said Gale Klappa, chairman of the board and chief executive officer. "We will continue to target a dividend payout of 65 to 70 percent of earnings, a policy in line with our peers across the utility industry."

For a dividend history and other dividend-related data on WEC Energy (WEC) click here.

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