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%.
WEC Energy Group is a Dividend Contenders with a 22 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 7.1, 7.2, 7.2 and 7.9 (Dividend Champions.xls)
As an owner of 30 shares of WEC, the recent dividend increase adds $5.36 to my projected annual net dividend income.
This increase was in line with my expectations and I’m happy to take it.
This marks the eighth dividend increase I’ve received from WEC Energy Group since initiating my position in February 2018. During that time, the company’s quarterly dividend has risen in line with expectations from $0.553 to $0.9525 per share — a cumulative increase of 72.2%.
As of this writing, WEC represents approximately 0.35% of my portfolio by weight and contributes around 0.31% to my projected annual dividend income.
Following this increase, my yield on cost is 5.46%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long WEC
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