WEC Energy Group, Inc. (WEC) to Issue Quarterly Dividend of $0.95 on December 1st

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 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 13th.

WEC Energy Group has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 23 consecutive years. WEC Energy Group has a payout ratio of 68.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 2.6%

NYSE:WEC traded up $2.71 during mid-day trading on Friday, reaching $108.75. The company’s stock had a trading volume of 3,087,738 shares, compared to its average volume of 2,910,195. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. The stock has a market cap of $35.44 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.18 and a beta of 0.45. The company’s fifty day simple moving average is $105.37 and its two-hundred day simple moving average is $110.90. WEC Energy Group has a twelve month low of $99.80 and a twelve month high of $119.91.

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

WEC Energy Group Company Profile

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.