Wisconsin Energy (WEC) Raises Quarterly Dividend 8.2% to $0.495; 3.8% Yield

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Go back to Wisconsin Energy (WEC) Raises Quarterly Dividend 8.2% to $0.495; 3.8% Yield

WEC Energy Group raises quarterly dividend

January 21, 2016 1:51 PM EST

MILWAUKEE, Jan. 21, 2016 /PRNewswire/ -- The board of directors of WEC Energy Group, Inc. (NYSE: WEC) today declared a quarterly cash dividend of 49.50 cents a share on the company's common stock, an increase of 8.2 percent over the current quarterly dividend of 45.75 cents a share. This raises the annual dividend rate to $1.98 a share. 

The higher dividend is payable March 1, 2016, to stockholders of record on Feb. 12, 2016. This marks the 294th consecutive quarter dating back to 1942 that the company will have paid a dividend to its stockholders.

"With today's action by our board,... More