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Wisconsin Energy Keeps Dividend Steady

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Electric utility Wisconsin Energy  (NYSE: WEC  ) and its subsidiary Wisconsin Electric announced today their third-quarter dividends. The parent declared a dividend of $0.3825 per share, the same rate it paid last quarter after raising the payout 12.5%, from $0.34 per share. It marks the 285th consecutive quarter -- going all the way back to 1942 -- that the utility will have paid a dividend to its shareholders.

Its electric subsidiary declared a quarterly dividend on two series of preferred stock. It was to pay a dividend of $0.90 per share on its 3.60% Series preferred stock, and a quarterly dividend of $1.50 per share on the 6% preferred stock. The former will be payable on Dec. 1 to shareholders of record on Nov. 14, while the latter will be payable on January 1, 2014 to shareholders of record on January 14, 2014.

The board of directors said the regular quarterly dividend is payable on Dec. 1 to the holders of record at the close of business on Nov. 14. The regular dividend payment equates to a $1.53-per-share annual dividend, yielding 3.8% based on the closing price today of Wisconsin Electric's stock.

WEC Dividend Chart

WEC Dividend data by YCharts


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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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Related Tickers

8/28/2015 4:03 PM
WEC $48.20 Up +0.01 +0.02%
Wisconsin Energy CAPS Rating: *****