WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, oil, hydroelectric, wind, solar, and biomass sources; provides electric transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. As of December 31, 2021, it operated approximately 35,800 miles of overhead distribution lines and 35,600 miles of underground distribution cables, as well as 440 electric distribution substations and 510,500 line transformers; 50,900 miles of natural gas distribution mains; 1,200 miles of natural gas transmission mains; 2.3 million natural gas lateral services; 500 natural gas distribution and transmission gate stations; and 68.2 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was incorporated in 1981 and is headquartered in Milwaukee, Wisconsin.
WEC Energy Dividend Announcement
• WEC Energy announced a quarterly dividend of $0.83 per ordinary share which will be made payable on 2024-12-01. Ex dividend date: 2024-11-14
• WEC Energy annual dividend for 2024 was $3.34
• WEC Energy annual dividend for 2023 was $3.12
• WEC Energy's trailing twelve-month (TTM) dividend yield is 3.33%
• WEC Energy's payout ratio for the trailing twelve months (TTM) is 80.41%
• WEC Energy's dividend growth over the last five years (2018-2023) was 7.14% year
• WEC Energy's dividend growth over the last ten years (2013-2023) was 8.00% year
WEC Energy Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-14 | $0.83 | quarterly | 2024-12-01 |
2024-08-14 | $0.83 | quarterly | 2024-09-01 |
2024-05-13 | $0.83 | quarterly | 2024-06-01 |
2024-02-13 | $0.83 | quarterly | 2024-03-01 |
2023-11-13 | $0.78 | quarterly | 2023-12-01 |
2023-08-11 | $0.78 | quarterly | 2023-09-01 |
2023-05-11 | $0.78 | quarterly | 2023-06-01 |
2023-02-13 | $0.78 | quarterly | 2023-03-01 |
2022-11-10 | $0.73 | quarterly | 2022-12-01 |
2022-08-11 | $0.73 | quarterly | 2022-09-01 |
2022-05-12 | $0.73 | quarterly | 2022-06-01 |
2022-02-11 | $0.73 | quarterly | 2022-03-01 |
2021-11-10 | $0.68 | quarterly | 2021-12-01 |
2021-08-12 | $0.68 | quarterly | 2021-09-01 |
2021-05-13 | $0.68 | quarterly | 2021-06-01 |
2021-02-11 | $0.68 | quarterly | 2021-03-01 |
2020-11-12 | $0.63 | quarterly | 2020-12-01 |
2020-08-13 | $0.63 | quarterly | 2020-09-01 |
2020-05-13 | $0.63 | quarterly | 2020-06-01 |
2020-02-13 | $0.63 | quarterly | 2020-03-01 |
2019-11-13 | $0.59 | quarterly | 2019-12-01 |
2019-08-13 | $0.59 | quarterly | 2019-09-01 |
2019-05-13 | $0.59 | quarterly | 2019-06-01 |
2019-02-13 | $0.59 | quarterly | 2019-03-01 |
2018-11-13 | $0.55 | quarterly | 2018-12-01 |
2018-08-13 | $0.55 | quarterly | 2018-09-01 |
2018-05-11 | $0.55 | quarterly | 2018-06-01 |
2018-02-13 | $0.55 | quarterly | 2018-03-01 |
2017-11-13 | $0.52 | quarterly | 2017-12-01 |
2017-08-10 | $0.52 | quarterly | 2017-09-01 |
2017-05-10 | $0.52 | quarterly | 2017-06-01 |
2017-02-10 | $0.52 | quarterly | 2017-03-01 |
2016-11-09 | $0.49 | quarterly | 2016-12-01 |
2016-08-10 | $0.49 | quarterly | 2016-09-01 |
2016-05-11 | $0.49 | quarterly | 2016-06-01 |
2016-02-10 | $0.49 | quarterly | 2016-03-01 |
2015-11-10 | $0.46 | quarterly | 2015-12-01 |
2015-08-12 | $0.23 | quarterly | 2015-09-01 |
2015-06-30 | $0.21 | quarterly | 2015-07-06 |
2015-05-12 | $0.42 | quarterly | 2015-06-01 |
2015-02-11 | $0.42 | quarterly | 2015-03-01 |
2014-11-12 | $0.39 | quarterly | 2014-12-01 |
2014-08-12 | $0.39 | quarterly | 2014-09-01 |
2014-05-12 | $0.39 | quarterly | 2014-06-01 |
2014-02-12 | $0.39 | quarterly | 2014-03-01 |
2013-11-12 | $0.38 | quarterly | 2013-12-01 |
2013-08-12 | $0.38 | quarterly | 2013-09-01 |
2013-05-10 | $0.34 | quarterly | 2013-06-01 |
2013-02-12 | $0.34 | quarterly | 2013-03-01 |
WEC Energy Dividend per year
WEC Energy Dividend growth
WEC Energy Dividend Yield
WEC Energy current trailing twelve-month (TTM) dividend yield is 3.33%. Interested in purchasing WEC Energy stock? Use our calculator to estimate your expected dividend yield:
WEC Energy Financial Ratios
WEC Energy Dividend FAQ
Other factors to consider when evaluating WEC Energy as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: WEC Energy's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, WEC Energy publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, WEC Energy distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from WEC Energy are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: WEC Energy sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, WEC Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: WEC Energy declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of WEC Energy's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review WEC Energy's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.