Wec Energy stock dividend – WEC Energy Group announces 0.78 Cash Dividend
February 10, 2023
Dividends Yield
Wec Energy stock dividend – WEC ($NYSE:WEC) Energy Group Inc. announced a 0.78 cash dividend on February 1 2023, making it an attractive option for investors looking to invest in dividend-paying stocks. It supplies energy to customers in Wisconsin, Illinois, Michigan and Minnesota. Over the past three years, WEC Energy has issued annual dividends per share of 2.86, 2.71 and 2.53 USD, resulting in dividend yields of 2.99%, 2.88%, and 2.69% for 2020, 2021, and 2022 respectively. The average dividend yield for this period is 2.85%. The ex-dividend date is February 13 2023. Investors who are interested in investing in WEC Energy have several important considerations to make. First of all, it is important to consider whether or not the company has a consistent dividend paying history and whether or not the dividend is sustainable. Additionally, investors need to take into account the current market conditions and the company’s financial health when making their decision. WEC Energy has a long history of consistently paying dividends, which makes it an attractive option for dividend-seeking investors.
In addition, its current dividend yield is higher than the average for the industry, which indicates that it is a relatively safe investment. Furthermore, the company’s financials are strong, which indicates that its dividend payout is sustainable. Its long history of consistently paying dividends and relatively high yield make it an attractive option.
Additionally, its strong financial health makes it a relatively safe investment.
Price History
This news was well received by investors resulting in the WEC Energy stock opening at $93.3 and closing at $94.9, up from last closing price of 94.0. This makes WEC Energy a great option for investors looking for a reliable source of income. The dividend is part of WEC Energy’s commitment to providing shareholders with a steady stream of income and meaningful capital appreciation.
At the same time, WEC Energy has also been investing heavily in its core business, which has resulted in strong financial results over the years. This has enabled the company to focus on growing its customer base and increasing efficiency, allowing for better returns for its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wec Energy. More…
| Total Revenues | Net Income | Net Margin |
| 9.6k | 1.41k | 14.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wec Energy. More…
| Operations | Investing | Financing |
| 2.06k | -2.64k | 676.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wec Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 41.87k | 30.26k | 36.1 |
Key Ratios Snapshot
Some of the financial key ratios for Wec Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.5% | 7.9% | 23.4% |
| FCF Margin | ROE | ROA |
| -2.8% | 12.3% | 3.4% |
Analysis
GoodWhale has provided an analysis of WEC ENERGY‘s fundamentals. The overall risk rating is medium, indicating some potential challenges in terms of financial and business aspects. GoodWhale found two risk warnings in the income sheet and cashflow statement. Income sheet risk warnings include potential changes to income due to unexpected expenses, opportunities, or market fluctuations. Cashflow statement risk warnings are associated with cash flows that are not fully secured with assets and can result in liquidity issues. Furthermore, GoodWhale’s analysis of WEC ENERGY’s financials included the evaluation of its debt-to-equity ratio, profitability, fixed-asset turnover, and liquidity ratios. The debt-to-equity ratio provides an indication of the company’s financial health, while profitability and fixed-asset turnover measure its ability to generate profits from its assets. Liquidity ratios measure the company’s ability to meet its short-term obligations. Detailed information on WEC ENERGY’s risks and finances can be found by registering on goodwhale.com. This resource provides investors with valuable insights into the company’s risks and fundamentals. More…
Peers
WEC Energy Group Inc, a diversified energy holding company, engages in the business of providing electric and natural gas service through its subsidiaries. Dominion Energy Inc, Central Puerto SA, and Portland General Electric Co are some of WEC Energy Group’s competitors in the energy industry.
– Dominion Energy Inc ($NYSE:D)
Dominion Energy Inc is a leading provider of electricity and natural gas. The company serves more than 6 million customers in the United States. Dominion Energy Inc has a strong portfolio of assets and a commitment to safety, reliability, and customer service. The company’s market cap is 54.69B as of 2022 and its ROE is 7.47%. Dominion Energy Inc is a diversified energy company with a focus on electricity and natural gas. The company is one of the largest producers and transporters of energy in the United States. Dominion Energy Inc is committed to providing affordable, reliable, and clean energy to its customers.
– Central Puerto SA ($NYSE:CEPU)
Central Puerto SA is an Argentine electricity company that supplies power to the central and northern regions of the country. It has a market cap of 1.25B as of 2022 and a Return on Equity of 7.42%. The company generates, transmits, and distributes electricity through a network of over 3,000 kilometers of high-voltage lines and more than 60,000 kilometers of medium- and low-voltage lines. It also has a thermal power plant with a capacity of 1,200 MW.
– Portland General Electric Co ($NYSE:POR)
Portland General Electric Co is an electric utility company that serves customers in Oregon. As of 2022, the company had a market capitalization of $3.9 billion and a return on equity of 9.64%. The company is involved in the generation, transmission, and distribution of electricity, as well as the sale of electricity to retail and wholesale customers. Portland General Electric is the largest electricity provider in Oregon, serving over 800,000 customers.
Summary
WEC Energy is a dividend stock that has shown steady growth in dividends over the past three years. With an average dividend yield of 2.85%, investors can expect a steady return on their investment. The company has also maintained a reliable ex-dividend date of February 13, 2023. WEC Energy’s dividend yield has consistently outperformed the industry average which makes it an attractive option for investors looking for reliable and steady returns.
The company has an impressive balance sheet and strong financials with strong cash flows and low debt to equity ratio. Furthermore, WEC Energy has a consistent track record of returning value to shareholders via dividends, making it an appealing option for long-term investors.
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