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The latest update is out from WEC Energy Group ( (WEC) ).
WEC Energy Group has announced a significant increase in its dividend by 6.9% to an annual rate of $3.57 per share, marking the 22nd consecutive year of dividend growth. The company is included in the S&P’s High Yield Dividend Aristocrats Index for its strong performance. Additionally, WEC Energy has outlined its largest five-year capital plan in company history, totaling $28 billion from 2025-2029, aiming to support robust regional growth, particularly around Milwaukee and the Chicago corridor, with increased electric demand forecasted to add 1,800 MW by 2029.
More about WEC Energy Group
WEC Energy Group is a leading energy company in America’s heartland, with a market capitalization of $31.4 billion as of January 31, 2025. The company serves 4.7 million retail customers and holds a 60% ownership stake in the American Transmission Company, managing assets worth $47.4 billion. WEC Energy Group provides electric and natural gas services and is focused on maintaining strong earnings and dividend growth.
YTD Price Performance: 7.23%
Average Trading Volume: 1,837,816
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $32.02B
For detailed information about WEC stock, go to TipRanks’ Stock Analysis page.
