WEC Energy (WEC) Raises Quarterly Dividend 6.8% to $0.59; 3.2% Yield

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Go back to WEC Energy (WEC) Raises Quarterly Dividend 6.8% to $0.59; 3.2% Yield

WEC Energy Group announces plan to increase dividend

December 6, 2018 3:00 PM EST

MILWAUKEE, Dec. 6, 2018 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today announced that it is planning to raise the quarterly dividend on the company's common stock to 59 cents per share in the first quarter of 2019. This would represent an increase of 3.75 cents per share or 6.8 percent over the current quarterly rate. 

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 $2.36 per share would be payable March 1, 2019, to stockholders of... More