#United States #Dividend #Milwaukee #WEC Energy

WEC Energy Group Declares Quarterly Dividend

In a significant announcement, the board of directors of WEC Energy Group (NYSE: WEC) has declared a quarterly cash dividend of 89.25 cents per share on the company's common stock. This dividend is set to be payable on June 1, 2025, for stockholders on record as of May 14, 2025. With this declaration, WEC Energy Group continues its impressive streak, marking the 331st consecutive quarter of dividend payments to its shareholders, a practice that dates back to 1942.

WEC Energy Group, headquartered in Milwaukee, stands as one of the leading energy companies in the United States, providing services to approximately 4.7 million customers across four states: Wisconsin, Illinois, Michigan, and Minnesota. The company operates through several principal utilities, including We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, and Minnesota Energy Resources. Further diversifying its portfolio, WEC also oversees Upper Michigan Energy Resources, while its subsidiary We Power specializes in designing, building, and owning electric generating plants. In addition, WEC Infrastructure LLC manages a large portfolio of renewable energy generation facilities situated in various states, from South Dakota to Texas.

This announcement not only reflects WEC Energy Group's robust financial health but also underscores its commitment to rewarding shareholders. With a solid reputation in the energy sector, WEC Energy Group has managed to maintain a consistent dividend over three decades, highlighting the company's operational stability and strategic foresight.

As a Fortune 500 entity and a key component of the S&P 500, WEC Energy Group currently features around 33,000 stockholders of record and employs nearly 7,000 individuals. The company's asset base exceeds $48 billion, reflecting its significant impact and presence in the energy market.

WEC Energy Group’s commitment to sustainability is apparent in its investment in renewable energy, catering to the growing demand for clean energy solutions. As part of its forward-thinking approach, the company emphasizes integrating renewable resources into its energy portfolio, aligning with broader trends towards sustainability within the energy sector.

In conclusion, WEC Energy Group's declaration of its quarterly cash dividend serves as a testament to its enduring financial performance and dedication to its shareholders. By consistently rewarding investors and investing in renewable energy, WEC Energy Group is not only positioning itself as a market leader but also ensuring long-term sustainable growth in an ever-evolving energy landscape.

Key Takeaways:

• - Quarterly Dividend: 89.25 cents per share
• - Next Payment Date: June 1, 2025
• - Shareholder Record Date: May 14, 2025
• - Consecutive Payments: 331 quarters since 1942
• - Customer Base: 4.7 million across four states
• - Headquarters: Milwaukee

For investors and stakeholders, WEC Energy Group continues to set a standard within the energy sector, demonstrating reliability and steadfast commitment to growth and sustainability.