Procore signs multi-year strategic collaboration agreement with AWS
MILWAUKEE - WEC Energy Group (NYSE: WEC) has announced a quarterly cash dividend of 89.25 cents per share on the company’s common stock, continuing a long-standing tradition of returning value to its shareholders. The dividend is scheduled to be paid on June 1, 2025, to shareholders on record as of May 14, 2025. According to InvestingPro data, WEC offers a 3.33% dividend yield and has raised its dividend for 21 consecutive years, demonstrating strong commitment to shareholder returns.
This latest dividend marks the 331st consecutive quarter, dating back to 1942, that WEC Energy has paid a dividend, underscoring the company’s consistent financial performance and commitment to its stockholders. Currently trading at $108.42, near its 52-week high of $111, the company maintains a market capitalization of $34.6 billion. The company, a prominent player in the energy sector, serves approximately 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota through its principal utilities, which include We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources, and Upper Michigan Energy Resources.
WEC Energy Group also operates through subsidiaries such as We Power, which designs, builds, and owns electric generating plants, and WEC Infrastructure LLC, which owns a portfolio of renewable generation facilities across various states from South Dakota to Texas.
As a Fortune 500 entity and a component of the S&P 500 index, WEC Energy Group possesses more than $48 billion in assets, employs around 7,000 individuals, and has approximately 33,000 stockholders of record. The company’s stable financial status and diversified operations contribute to its ability to maintain a steady dividend payout, which is an important aspect for investors seeking reliable income streams from their investments.
The announcement of the dividend payment is based on a press release statement from WEC Energy Group and reflects the company’s ongoing strategy to deliver shareholder value through regular, consistent dividends.
In other recent news, WEC Energy Group reported its fourth-quarter 2024 earnings, which fell short of analyst expectations. The company posted an earnings per share (EPS) of $1.10, missing the anticipated $1.47, and reported revenue of $2.28 billion, below the expected $2.56 billion. Despite this earnings miss, WEC Energy has set a positive outlook for 2025, projecting EPS between $5.17 and $5.27. On the analyst front, Jefferies recently raised its price target for WEC Energy to $108 while maintaining a Hold rating, citing potential growth through data center projects and regulatory stability. JPMorgan also upgraded WEC Energy from Underweight to Neutral, noting the utility’s stable regulatory environment in Wisconsin as a favorable factor. The company is also planning significant investments in renewable energy projects, with a $28 billion capital plan over the next five years. These developments are set against a backdrop of broader economic uncertainty, where WEC Energy is seen as a defensive stock, appealing to investors looking for stability.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.