WEC ($WEC) announced its next dividend of $0.835 per share, a 7.1% increase over the company's previous payout of $0.78.
DivGro's projected annual dividend income will increase by $44.00 to $668.00.
The dividend will be paid on Mar. 1 to shareholders of record on Feb. 14. The ex-dividend date is Feb. 13.
I own 200 shares of WEC at an average cost basis of $97.97 per share. Following this increase, my yield on cost is 3.41%. (WEC's forward yield is 4.05% at $82.42 per share).
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