The board of directors of WEC Energy (WEC) Group declared a quarterly cash dividend of 89.25 cents per share on the company’s common stock, an increase of 6.9% over the current quarterly dividend of 83.50 cents per share. This raises the annual dividend rate to $3.57 per share.The higher dividend is payable March 1 to stockholders of record on Feb. 14. This marks the 330th consecutive quarter – dating back to 1942 – that the company will have paid a dividend to its stockholders. “With today’s action by our board, 2025 will be the 22nd consecutive year of dividend increases for our stockholders,” said Scott Lauber, president and CEO. “We continue to target a dividend payout of 65 to 70 percent of earnings.”
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