DivGro: WEC Energy Dividend Increase

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On 5 December, WEC Energy (WEC) increased its quarterly dividend by 6.87%, from 83.5¢ to 89.25¢ per share.

The dividend will be paid on 1 March 2025 to shareholders of record on 14 February 2025. The ex-dividend date is 14 February 2025.

WEC’s contribution to DivGro’s projected annual dividend income will increase by $69 to $1,071.

I own 300 shares of WEC at an average cost basis of $92.38 per share. Following this increase, my yield on cost is 3.86%. (WEC’s forward yield is 3.73% at $95.74 per share).

Since opening my position in August 2022, the stock has generated a total return of 9%, including $1,393.86 in dividend income. That’s a disappointing annualized rate of return of only 3.5%.

5-Year History of Dividend Payouts by Ex-Date