Wec Energy Group's most recent quarterly dividend payment of $0.835 per share was made to shareholders on record before Feb 13, 2024. The payout stands at $3.18 per share annually, which works out to a dividend yield of 3.95%. The latest WEC stock dividend of $0.835 is an increase from the previous $0.78 distribution, representing a growth of 7%.
Wec Energy Group's dividend yield of 3.95% is higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 3.61%, Wec Energy Group's dividend yield is 9% higher. The historical 5-year average of WEC's dividend yield is 3.0%, which is lower than the current one.
Wec Energy Group has been paying dividends for the last 30 years. According to our data WEC has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 7% for the last year. And since the stock price has gone down by 16% from a year ago, the dividend yield has increased by 28%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 13, 2024 | Mar 1, 2024 | Dec 20, 2023 | $0.835 | normal |
| Nov 13, 2023 | Dec 1, 2023 | Oct 19, 2023 | $0.78 | normal |
| Aug 11, 2023 | Sep 1, 2023 | Jul 20, 2023 | $0.78 | normal |
| May 11, 2023 | Jun 1, 2023 | Apr 20, 2023 | $0.78 | normal |
| Feb 13, 2023 | Mar 1, 2023 | Dec 13, 2022 | $0.78 | normal |
| Nov 10, 2022 | Dec 1, 2022 | Oct 20, 2022 | $0.728 | normal |
| Aug 11, 2022 | Sep 1, 2022 | Jul 21, 2022 | $0.728 | normal |
| May 12, 2022 | Jun 1, 2022 | Apr 21, 2022 | $0.728 | normal |
| Feb 11, 2022 | Mar 1, 2022 | Dec 2, 2021 | $0.728 | normal |
| Nov 10, 2021 | Dec 1, 2021 | Oct 21, 2021 | $0.678 | normal |
| Aug 12, 2021 | Sep 1, 2021 | Jul 15, 2021 | $0.678 | normal |
| May 13, 2021 | Jun 1, 2021 | Apr 15, 2021 | $0.678 | normal |
| Feb 11, 2021 | Mar 1, 2021 | Dec 3, 2020 | $0.678 | normal |
| Nov 12, 2020 | Dec 1, 2020 | Oct 15, 2020 | $0.633 | normal |
| Aug 13, 2020 | Sep 1, 2020 | Jul 16, 2020 | $0.633 | normal |
| May 13, 2020 | Jun 1, 2020 | Apr 16, 2020 | $0.633 | normal |
| Feb 13, 2020 | Mar 1, 2020 | Dec 5, 2019 | $0.633 | normal |
| Nov 13, 2019 | Dec 1, 2019 | Oct 17, 2019 | $0.59 | normal |
| Aug 13, 2019 | Sep 1, 2019 | Jul 18, 2019 | $0.59 | normal |
| May 13, 2019 | Jun 1, 2019 | Apr 18, 2019 | $0.59 | normal |
| Feb 13, 2019 | Mar 1, 2019 | Dec 6, 2018 | $0.59 | normal |
| Nov 13, 2018 | Dec 1, 2018 | Oct 18, 2018 | $0.553 | normal |
| Aug 13, 2018 | Sep 1, 2018 | Jul 19, 2018 | $0.553 | normal |
| May 11, 2018 | Jun 1, 2018 | Apr 19, 2018 | $0.553 | normal |
| Feb 13, 2018 | Mar 1, 2018 | Dec 7, 2017 | $0.553 | normal |
| Nov 13, 2017 | Dec 1, 2017 | Oct 19, 2017 | $0.52 | normal |
| Aug 10, 2017 | Sep 1, 2017 | Jul 20, 2017 | $0.52 | normal |
| May 10, 2017 | Jun 1, 2017 | Apr 20, 2017 | $0.52 | normal |
| Feb 10, 2017 | Mar 1, 2017 | Dec 1, 2016 | $0.52 | normal |
| Nov 9, 2016 | Dec 1, 2016 | Oct 20, 2016 | $0.495 | normal |
| Aug 10, 2016 | Sep 1, 2016 | Jul 21, 2016 | $0.495 | normal |
| May 11, 2016 | Jun 1, 2016 | Apr 21, 2016 | $0.495 | normal |
| Feb 10, 2016 | Mar 1, 2016 | Dec 3, 2015 | $0.495 | normal |
| Nov 10, 2015 | Dec 1, 2015 | Oct 15, 2015 | $0.458 | normal |
| Aug 12, 2015 | Sep 1, 2015 | Jun 12, 2015 | $0.234 | normal |
Wec Energy Group's payout ratio of 75.2% is above the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 65.4%, Wec Energy Group's payout ratio is 15% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| AVA Avista Corp | 5.29% | $1.86 | 82.8% |
| DUK Duke Energy CORP | 4.15% | $4.08 | 115.3% |
| WEC Wec Energy Group Inc | 3.89% | $3.18 | 75.2% |
| XEL Xcel Energy Inc | 3.85% | $2.11 | 65.7% |
| LNT Alliant Energy Corp | 3.69% | $1.84 | 66.1% |
| DTE Dte Energy Co | 3.63% | $3.95 | 58.3% |
| AEE Ameren Corp | 3.47% | $2.56 | 58.3% |
| CMS Cms Energy Corp | 3.32% | $1.98 | 65.7% |
| MGEE Mge Energy Inc | 2.17% | $1.69 | 52% |
Yes, Wec Energy Group has paid four dividends in the last 12 months. WEC has been paying dividends since 1994.
Currently WEC's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in May 2024.
Wec Energy Group's last dividend ex-date was on Feb 13, 2024. The dividend amount was $0.835 per share.
WEC has paid dividend of $3.18 per share in the last year.
The current dividend yield of Wec Energy Group is 3.95%.
Wec Energy Group has a quarterly dividend frequency.
The dividend payout ratio of Wec Energy Group is 75.2%.
Wec Energy Group's dividend yield is higher than the Utilities sector average.