Wec Energy stock dividend – WEC Energy Group Announces 23.3% Increase in Quarterly Dividend to $0.90 per Share

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Wec Energy stock dividend – WEC ($NYSE:WEC) Energy Group Inc., a publicly traded utility holding company, is pleased to announce an increase in its quarterly dividend of $0.90 per share, a substantial increase of 23.3% from the prior dividend of $0.73. This dividend will be payable on March 1st to shareholders of record as of February 14th, with an ex-dividend date of February 13th. WEC Energy Group Inc. is the parent company of several subsidiaries, including Wisconsin Electric Power Company, Wisconsin Gas LLC, We Energies and various other energy related businesses in the Midwest. WEC Energy Group’s stock is listed on the New York Stock Exchange under the ticker symbol “WEC”.

For more information on WEC Energy Group’s dividend scorecard, yield chart, and dividend growth, visit the SeekingAlpha link provided. Investors should consult with their financial advisor before making any investment decisions. The announcement of this dividend increase marks another successful milestone for WEC Energy Group Inc., as it continues to demonstrate its commitment to rewarding shareholders with a healthy return over time. This will be beneficial to both current and potential investors in the company, as it solidifies the company’s position as a reliable source of income for its shareholders.

Dividends – Wec Energy stock dividend

This is the third consecutive year that the company has increased its annual dividend per share, moving from 2.86 USD to 2.71 USD and then to 2.53 USD. This gives an average dividend yield of 2.85%, making it a competitive stock for investors looking for reliable dividend-paying stocks. The company’s decision to increase their dividend payout is a sign of their commitment to rewarding shareholders.

This increase is also a sign of the company’s confidence in its future prospects, as they expect to continue to generate strong cash flows in the coming years. If you are looking for dividend stocks, WEC ENERGY might be worth considering.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Wec Energy. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Wec Energy. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Wec Energy. More…

Key Ratios Snapshot

Some of the financial key ratios for Wec Energy are shown below. More…

Share Price

At the time of writing, investor sentiment surrounding the news was mostly positive. The news follows a string of recent successes for WEC Energy, including strong earnings and positive reviews from analysts. On Thursday, WEC ENERGY stock opened at $92.6 and closed at $91.8, down by 0.8% from prior closing price of 92.5. The company believes that its strong financial position and consistent earnings growth will allow it to continue to provide reliable dividends over time.

Investors can look forward to the increased dividend payments in April and continued growth in the future. As WEC Energy continues to execute its strategic growth initiatives and seeks out new opportunities for long-term value creation, investors can expect to see further increases in dividend payments and share prices in the future. Live Quote…

VI Analysis – Wec Energy Stock Intrinsic Value

WEC Energy is a publicly traded energy company whose fundamentals reflect its long term potential. The company’s recent performance has been evaluated using Visual Investing’s (VI) app, which provides a simple way to analyze the company. According to VI Line, the fair value of WEC Energy’s shares is around $108.0, which means that the stock is currently trading at $91.8, a price that is fairly undervalued by 15%. The VI app also highlights other important factors such as the company’s financial health, competitive position, management, and future prospects. It also provides a quick overview of WEC Energy’s profitability, liquidity, leverage, and balance sheet. Additionally, it takes into account the company’s financial history and future growth potential to provide an accurate valuation. Overall, WEC Energy offers investors a long-term opportunity as its fundamentals are strong. Those who are looking for an undervalued stock should consider this one. With a fair value of $108.0 and a current price of $91.8, investors can benefit from a potential upside of 15%. More…

VI 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

Investors of WEC Energy Group Inc. are in for a treat as the company has just announced a 23.3% increase in its quarterly dividend to $0.90 per share. This marks an impressive return for investors and is indicative of the strong financial performance of the company. With their strong balance sheet, prudent capital management and a diversified portfolio of businesses, WEC Energy is well positioned to continue providing shareholder value going forward. This dividend increase is a vote of confidence in the company’s long-term prospects and should be attractive to investors looking for a reliable source of income.