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

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 3.4%. The ex-dividend date of this dividend is Friday, August 14th.

WEC Energy Group has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 23 years. WEC Energy Group has a payout ratio of 68.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.0%

WEC Energy Group stock opened at $113.36 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. WEC Energy Group has a 1-year low of $102.95 and a 1-year high of $119.91. The company has a market cap of $36.93 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.75 and a beta of 0.47. The stock’s 50 day moving average price is $113.63 and its 200 day moving average price is $113.22.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the firm earned $2.27 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side 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.