WEC Energy Group Declares Dividend, Reinforcing Commitment to Shareholder Value and Sustainability

WEC Energy Group Reinforces Commitment to Shareholder Value with Dividend Declaration

WEC Energy Group, a prominent energy provider based in Milwaukee, announces a quarterly cash dividend of 89.25 cents per share on its common stock, reinforcing its long-standing commitment to delivering shareholder value. The dividend, which is set for payment on June 1, 2025, reflects the company's robust operational framework and its ability to generate consistent returns for its investors. As the 331st consecutive quarterly payout since 1942, this declaration highlights WEC Energy Group's stability and reliability in the energy sector, appealing to approximately 33,000 stockholders of record.

Serving around 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota, WEC Energy Group operates several major utilities, including We Energies, Wisconsin Public Service, and Peoples Gas. These subsidiaries play a crucial role in the company’s strategy to maintain a diverse energy portfolio and ensure reliable service delivery to a growing customer base. Beyond traditional utility operations, WEC Energy Group’s subsidiary We Power specializes in the design, construction, and ownership of electric generating plants. This diversification enhances the company's resilience in a rapidly evolving energy market, where renewable energy sources are becoming increasingly critical.

Moreover, WEC Energy Group's investment in renewable energy is evident through its subsidiary, WEC Infrastructure LLC, which manages a fleet of renewable energy facilities across states like South Dakota and Texas. This strategic focus not only aligns with the growing demand for sustainable energy solutions but also positions the company favorably within the industry. By balancing traditional energy services with innovative renewable projects, WEC Energy Group demonstrates its commitment to both shareholder returns and environmental stewardship, reinforcing its standing as a Fortune 500 entity with assets exceeding $48 billion.

In addition to the common stock dividend, WEC Energy Group's subsidiary, We Energies, announces a quarterly cash dividend of 90 cents per share on its Preferred Stock, scheduled for payment on June 1, 2025. This further illustrates the company’s dedication to returning value to its investors across different classes of stock. With electric services to over 1.1 million customers and natural gas services to more than 490,000 customers, We Energies continues to be an integral part of WEC Energy Group's operations, emphasizing the company's expansive reach and operational efficiency.

As WEC Energy Group continues to navigate an evolving energy landscape, its recent dividend declaration and strategic investments in renewable energy underscore a commitment to both profitability and sustainability, ensuring long-term value for its stakeholders.