WEC Energy Group Increases Dividend, Reinforcing Commitment to Shareholder Value and Stability

WEC Energy Group Reinforces Commitment to Shareholders with Dividend Increase

WEC Energy Group announces a notable increase in its quarterly cash dividend, now set at 95.25 cents per share, up from 89.25 cents. This decision reflects a 6.7% boost, raising the annual dividend rate to $3.81 per share. The dividend, payable on March 1, 2026, to stockholders of record as of February 13, 2026, marks a significant milestone as the company celebrates its 334th consecutive quarter of dividend payments since 1942. CEO Scott Lauber emphasizes that the increase not only continues the tradition of steady dividend growth but also represents the company's 23rd consecutive year of dividend increases, underlining its stability and commitment to shareholder returns.

WEC Energy Group's strategy aligns with its target dividend payout ratio of 65% to 70% of earnings, ensuring a balanced approach to rewarding shareholders while maintaining operational integrity. With a customer base of approximately 4.7 million across Wisconsin, Illinois, Michigan, and Minnesota, the company operates through its main utilities, including We Energies and Wisconsin Public Service. This robust customer base contributes to the company's ongoing financial strength, allowing it to consistently deliver value to its shareholders.

The company also manages a growing portfolio of renewable energy facilities via WEC Infrastructure LLC, reflecting its commitment to sustainable practices alongside its financial objectives. As a Fortune 500 company with assets exceeding $49 billion, WEC Energy Group not only aims to deliver returns to shareholders but also to strengthen its position in the rapidly evolving energy sector. The company's cautionary note regarding forward-looking statements indicates its awareness of potential risks and uncertainties, including economic conditions and competitive factors, which are crucial for stakeholders to consider.

In addition to the dividend increase, Wisconsin Electric Power Co., a subsidiary of WEC Energy Group, announces dividends on its Preferred Stock, including 90 cents per share for the 3.60% Series and $1.50 per share for the Six Per Cent Preferred Stock. These dividends highlight the subsidiary's commitment to maintaining a solid customer base while providing value to investors. The consistent dividend payments from both WEC Energy Group and We Energies illustrate the companies' stable financial performance and their strategic focus on supporting shareholders in a dynamic economic landscape.

Overall, WEC Energy Group's recent dividend announcement and its subsidiary's actions reinforce the company's dedication to shareholder value amidst evolving market conditions, positioning it as a reliable player in the utility sector.