On Thursday,
December 4th, WEC Energy Group, Inc. (WEC) announced
plan to increase a quarterly dividend from $0.8925 to $0.9525 per
share that’s payable March 1, 2026 to holders of record February
13, 2026. This represents a 6.72% increase over the last quarterly
dividend. The directors expect to declare the new dividend at their
regularly scheduled meeting in January.
"The board's review today is
consistent with our ongoing plan targeting a dividend payout ratio of
65 to 70 percent of earnings," said Scott Lauber, president and
CEO. "The projected dividend for 2026 is in line with the
company's objective to grow the dividend at a 6.5 to 7 percent
compound annual rate."
At the current price of $103.48 (yesterday's close), this increase will raise WEC's dividend yield to 3.68%.