MILWAUKEE, July 21, 2016 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 49.50 cents a share on the company's common stock.
The dividend is payable Sept. 1, 2016, to stockholders of record on Aug. 12, 2016. This marks the 296th consecutive quarter – dating back to 1942 – that the company will have paid a dividend to its stockholders.
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 approximately $29 billion of assets, 8,500 employees and 55,000 stockholders of record.
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SOURCE WEC Energy Group
Brian Manthey (news media), 414-221-4444, brian.manthey@we-energies.com; Colleen F. Henderson, CFA (investment community), 414-221-2592, colleen.henderson@wecenergygroup.com