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

WEC Energy Group, Inc. (NYSE:WEC) declared a quarterly dividend on Thursday, October 15th. Investors 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 dividend on an annualized basis 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 increased 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. 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 stock opened at $106.09 on Friday. WEC Energy Group has a 1 year low of $99.80 and a 1 year high of $119.91. The company has a market cap of $34.57 billion, a P/E ratio of 20.56, a PEG ratio of 2.20 and a beta of 0.45. The firm has a 50-day moving average of $105.35 and a 200 day moving average of $110.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. WEC Energy Group’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts forecast that WEC Energy Group will post 5.60 EPS for the current year.

About WEC Energy Group

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.