WEC Energy Group Increases Quarterly Dividend $WEC

• WEC Energy (NYSE:WEC) declares $0.59/share quarterly dividend, 6.8% increase from prior dividend of $0.55.
• Forward yield 3.34%
• Payable March 1; for shareholders of record Feb. 14; ex-div Feb. 13.

The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 59 cents per share on the company's common stock, an increase of 6.8 percent over the current quarterly dividend of 55.25 cents a share. This raises the annual dividend rate to $2.36 a share.

The higher dividend is payable March 1, 2019, to stockholders of record on Feb. 14, 2019. This marks the 306th consecutive quarter – dating back to 1942 – that the company will have paid a dividend to its stockholders.

"With today's action by our board, 2019 will be the sixteenth consecutive year of dividend increases for our stockholders," said Gale Klappa, chairman of the board and chief executive officer. "We will continue to target a dividend payout of 65 to 70 percent of earnings."

For more information, visit www.wecenergygroup.com

According to the list of U.S. Dividend Champions WEC Energy Group is a Dividend Contenders. WEC has a 16-year dividend raising streak.

Dividend Growth Rates
DGR	DGR	DGR	DGR
1-yr	3-yr	5-yr	10-yr
5.1	10.1	11.6	15.3

Dividend Yield Chart:

This is the historical trailing annual dividend yield of WEC Energy Group Inc. Buying stocks at higher yield relative its historical values is usually more profitable.

Payout Ratio:

This is the historical payout ratio of WEC Energy Group Inc. If payout ratio is close to or higher than 100%, dividends might not be sustainable.