The board of directors of WEC Energy Group announced that it is planning to raise the quarterly dividend on the company’s common stock to 83.5c per share in the first quarter of 2024. This would represent an increase of 5.5c per share, or 7%. The directors expect to declare the new dividend at their regularly scheduled meeting in January. The dividend – which would be equivalent to an annual rate of $3.34 per share – would be payable March 1, 2024, to stockholders of record on Feb. 14, 2024.
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