WEC Energy Group, Inc. (NYSE:WEC) Announces Quarterly Dividend of $0.95

WEC Energy Group, Inc. (NYSE:WEC) declared a quarterly dividend on Thursday, July 16th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.9525 per share by the utilities provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 14th.

WEC Energy Group has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 23 years. WEC Energy Group has a dividend payout ratio of 68.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

WEC Energy Group stock opened at $114.27 on Friday. WEC Energy Group has a 52 week low of $102.95 and a 52 week high of $119.91. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The firm’s 50-day simple moving average is $113.59 and its 200 day simple moving average is $113.22. The firm has a market capitalization of $37.22 billion, a PE ratio of 22.81, a P/E/G ratio of 2.72 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the company earned $2.27 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts predict that WEC Energy Group will post 5.59 EPS for the current fiscal year.

About WEC Energy Group

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.