WEC Energy Group, Inc. (NYSE:WEC) Shareholders Set to Receive $0.95 Quarterly Dividend

Key Points

• WEC Energy Group declared a quarterly dividend of $0.9525 per share, payable December 1 to shareholders of record November 13. The dividend implies an annualized payout of $3.81 and a 3.6% yield.
• The company has raised its dividend for 23 consecutive years, with a current earnings payout ratio of 68%; analysts expect the dividend to remain covered by projected earnings.
• WEC’s latest quarterly EPS of $0.91 exceeded analyst expectations of $0.80, while revenue rose 2.6% year over year to $2.06 billion, slightly below forecasts.

WEC Energy Group, Inc. (NYSE:WEC - Get Free Report) announced a quarterly dividend on Thursday, October 15th. Shareholders of record on Friday, November 13th will be given a dividend of $0.9525 per share by the utilities provider on Tuesday, December 1st. This represents a $3.81 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, November 13th.

WEC Energy Group has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 23 consecutive years. WEC Energy Group has a payout ratio of 68.0% meaning its dividend is sufficiently covered by earnings. Analysts expect WEC Energy Group to earn $6.01 per share next year, which means the company should continue to be able to cover its $3.81 annual dividend with an expected future payout ratio of 63.4%.

WEC Energy Group Stock Performance

NYSE WEC opened at $106.09 on Friday. The company has a 50-day simple moving average of $105.35 and a two-hundred day simple moving average of $110.91. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. WEC Energy Group has a 12-month low of $99.80 and a 12-month high of $119.91. The firm has a market cap of $34.57 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.20 and a beta of 0.45.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts forecast that WEC Energy Group will post 5.60 EPS for the current year.

WEC Energy Group Company Profile

WEC Energy Group, Inc is an energy holding company that provides electricity and natural gas to residential, commercial, and industrial customers. Its operations include electric generation, transmission, distribution, and natural gas distribution, as well as related energy infrastructure and renewable energy activities.

The company serves customers primarily in Wisconsin and parts of Michigan, Minnesota, and Illinois through utilities including We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, North Shore Gas, and Peoples Gas.

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