WEC Energy Group, Inc. (NYSE:WEC) declared quarterly dividend of $ 0.6325 per share, or $ 2.53 annualized.
The dividend will be payable on September 1, 2020, to stockholders of record on August 14, 2020, with an ex-dividend date of August 13, 2020.
Dividends History
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Recent Earnings Announcement
WEC Energy Group, Inc. posted income for the first quarter of $ 1.43 per share, from the revenue of $ 2,109.00 million. The quarterly earnings up 7.52 percent while revenues declined 10.11 percent compared with the same quarter last year.
Wall street analysts are predicting, WEC to report 1Q20 income of $ 1.32 per share from revenue of $ 2444.39 million. The bottom line results beat street analysts by $ 0.11 or 8.33 percent, at the same time, top line results fell short of analysts by $ 335.39 million or 13.72 percent.
Stock Performance
According to the previous trading day, closing price of WEC was $ 87.46, representing a 28.60 % increase from the 52 week low of $ 68.01 and a 20.15 % decrease over the 52 week high of $ 109.53.
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The company has a market capital of $ 27.59 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, oil, hydroelectric, wind, and biomass sources; provides electricity transmission services; offers retail natural gas distribution services; transports customer-owned natural gas; and generates, distributes, and sells steam.
