Ex-Dividend Alert: WEC Energy Announced its 303rd Consecutive Quarterly Dividend; Will Trade Ex-Dividend on May 11, 2018

LONDON, UK / ACCESSWIRE / May 10, 2018 / Active-Investors has a free review on WEC Energy Group, Inc. (NYSE: WEC) following the Company's announcement that it will begin trading ex-dividend on May 11, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 10, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on WEC:

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Dividend Declared

On April 19, 2018, WEC Energy's Board of Directors declared a quarterly cash dividend of 55.25 cents per share on the company's common stock. The dividend is payable June 01, 2018, to stockholders of record on May 14, 2018.

WEC Energy's indicated dividend represents a yield of 3.45%, which is considerably higher than the average dividend yield of 2.69% for the Utilities sector. The Company's recent dividend announcement marks the 303rd consecutive quarter – dating back to 1942 – that WEC Energy will have paid a dividend to its stockholders.

Dividend Insights

WEC Energy has a dividend payout ratio of 67.0%, which denotes that the Company spends approximately $0.67 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, WEC Energy is forecasted to report earnings of $3.49 per share for the next year, which is substantially higher than the Company's annualized dividend of $2.21 per share.

As of March 31, 2018, WEC Energy's cash and cash equivalents totaled $48.1 million compared to $38.9 million as on December 31, 2017. For the three months ended March 31, 2018, the Company's net cash provided by operating activities totaled $894.0 million compared to $714.6 million for the year-ago comparable period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Earnings Announcement

On May 01, 2018, WEC Energy generated consolidated revenues of $2.29 billion compared to $2.30 billion for Q1 2017. The Company reported net income of $390.1 million, or $1.23 per share, for the reported quarter, up from $356.6 million, or $1.12 per share, for the prior year's corresponding quarter.

During Q1 2018, WEC Energy's natural gas deliveries in Wisconsin, excluding gas used for power generation, rose by 11.2% on a y-o-y basis. The Company's retail deliveries of electricity by the Wisconsin and Michigan utilities, increased by 1.6% on a y-o-y basis.

For Q1 2018, WEC Energy's Residential electricity use grew 4.6% on a y-o-y basis. In the Company's large commercial and industrial segment – excluding the iron ore mine – electricity use was 0.7% higher, while electricity consumption by small commercial and industrial customers was up 0.1% from the year-ago same period.

About WEC Energy Group, Inc.

WEC Energy, which is based in Milwaukee, is one of the United States' premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan, and Minnesota.

Stock Performance Snapshot

May 09, 2018 - At Wednesday's closing bell, WEC Energy's stock fell 1.11%, ending the trading session at $61.44.

Volume traded for the day: 2.15 million shares, which was above the 3-month average volume of 1.85 million shares.

Stock performance in the previous three-month period – up 2.64%; and past twelve-month period – up 0.82%

After yesterday's close, WEC Energy's market cap was at $19.38 billion.

Price to Earnings (P/E) ratio was at 18.90.

The stock has a dividend yield of 3.60%.

The stock is part of the Utilities sector, categorized under the Electric Utilities industry.

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