MILWAUKEE, Oct. 15, 2015 /PRNewswire/ -- The boards of directors of WEC Energy Group, Inc. (NYSE: WEC) and Wisconsin Electric Power Company today declared quarterly dividends.
WEC Energy Group
The WEC Energy Group board of directors declared a quarterly cash dividend of 45.75 cents a share on the company's common stock.
The dividend is payable Dec. 1, 2015, to stockholders of record on Nov. 13, 2015. This marks the 293rd consecutive quarter – dating back to 1942 – that the company will have paid a dividend to its stockholders.
The Wisconsin Electric board of directors declared a quarterly dividend of 90 cents a share on the Preferred Stock, 3.60% Series, payable Dec. 1, 2015, to stockholders of record on Nov. 13, 2015. The board also declared a quarterly dividend of $1.50 a share on the Six Per Cent Preferred Stock payable Jan. 31, 2016, to stockholders of record on Jan. 14, 2016.
WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.4 million customers in Wisconsin, Illinois, Michigan and Minnesota.
The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, and Minnesota Energy Resources. The company's other major subsidiary, We Power, designs, builds and owns electric generating plants.
WEC Energy Group (wecenergygroup.com), a component of the S&P 500, has nearly $29 billion of assets, 9,300 employees and approximately 60,000 stockholders of record.
Wisconsin Electric Power Company, doing business as We Energies, is a subsidiary of WEC Energy Group. The company serves more than 1.1 million electric customers in Wisconsin and Michigan's Upper Peninsula and more than 460,000 natural gas customers in Wisconsin. Visit the We Energies website at we-energies.com.
SOURCE WEC Energy Group