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WEC Energy Group (WEC Energy Group) 3-Year Dividend Growth Rate

: 7.20% (As of Dec. 2023)
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WEC Energy Group's Dividends per Share for the three months ended in Dec. 2023 was $0.78.

The historical rank and industry rank for WEC Energy Group's 3-Year Dividend Growth Rate or its related term are showing as below:

WEC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -20   Med: 6.5   Max: 24.4
Current: 7.2

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of WEC Energy Group was 24.40% per year. The lowest was -20.00% per year. And the median was 6.50% per year.

WEC's 3-Year Dividend Growth Rate is ranked better than
63.14% of 293 companies
in the Utilities - Regulated industry
Industry Median: 5 vs WEC: 7.20

During the past 12 months, WEC Energy Group's average Dividends Per Share Growth Rate was 7.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

WEC Energy Group's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.71. As of today, WEC Energy Group's Dividend Yield % is 3.93%.

Good Sign:

WEC Energy Group Inc stock dividend yield is close to 10-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Utilities - Regulated Electric subindustry, WEC Energy Group's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


WEC Energy Group 3-Year Dividend Growth Rate Distribution

For the Utilities - Regulated industry and Utilities sector, WEC Energy Group's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where WEC Energy Group's 3-Year Dividend Growth Rate falls into.



WEC Energy Group 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


WEC Energy Group  (NYSE:WEC) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

WEC Energy Group's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.78/ 1.1
=0.71

During the past 13 years, the highest Dividend Payout Ratio of WEC Energy Group was 0.69. The lowest was 0.56. And the median was 0.67.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

WEC Energy Group Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.8352024-02-132024-02-142024-03-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.7802023-11-132023-11-142023-12-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.7802023-08-112023-08-142023-09-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.7802023-05-112023-05-122023-06-01Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

WEC Energy Group's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=3.175/81.56
=3.89 %

Current Share Price is $81.56.
WEC Energy Group's Dividends per Share for the trailing twelve months (TTM) ended in Today is $3.175.

During the past 13 years, the highest Dividend Yield of WEC Energy Group was 4.02%. The lowest was 2.25%. And the median was 3.06%.

Good Sign:

WEC Energy Group Inc stock dividend yield is close to 10-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


WEC Energy Group 3-Year Dividend Growth Rate Related Terms>


WEC Energy Group (WEC Energy Group) Business Description

Traded in Other Exchanges
Address
231 West Michigan Street, P.O. Box 1331, Milwaukee, WI, USA, 53201
WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 49% electric generation and distribution, 36% gas distribution, 10% electric transmission, and 5% unregulated renewable energy.
Executives
Ulice Jr Payne director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Ave M Bie director 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Scott J Lauber officer: Vice President and Treasurer 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Joshua M Erickson officer: VP and Deputy General Counsel 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Glen E Tellock director 1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
William Mastoris officer: EVP-Cust. Svc. and Operations 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Robert M Garvin officer: Senior Vice President 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Molly A Mulroy officer: EVP & Chief Admin Officer 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Anthony Reese officer: Vice President and Treasurer 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Tom Metcalfe officer: Exec. VP - Generation 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Thomas K Lane director 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Cristina A Garcia-thomas director 231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Charles R Matthews officer: President & CEO - PGL/NSG 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Xia Liu officer: EVP and CFO ONE ENERGY PLACE, PENSACOLA FL 32520
Gale E Klappa director, officer: President 231 W. MICHIGAN STREET, MILWAUKEE WI 53203

WEC Energy Group (WEC Energy Group) Headlines

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