WEC Energy Group raises quarterly dividend by 6.7 percent

Core Viewpoint - WEC Energy Group has declared a quarterly cash dividend of 95.25 cents per share, marking a 6.7% increase from the previous dividend of 89.25 cents per share, raising the annual dividend rate to $3.81 per share [1][2]. Company Overview - WEC Energy Group serves approximately 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota, and is recognized as one of the nation's premier energy companies [3]. - The company has a diverse portfolio of utilities, including We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources, and Upper Michigan Energy Resources [4]. - WEC Infrastructure LLC, a subsidiary, owns a growing fleet of renewable generation facilities across various states, including South Dakota and Texas [4]. - The company is a Fortune 500 entity and a component of the S&P 500, with around 32,000 stockholders of record and over $49 billion in assets [5]. Dividend History - The upcoming dividend payment on March 1, 2026, will be the 334th consecutive quarter of dividend payments since 1942 [2]. - The declared dividend increase signifies the 23rd consecutive year of dividend increases for stockholders [3]. - The company aims for a dividend payout ratio of 65 to 70 percent of earnings [3].