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
| 2020 | 2021 | 2022 | 2023 | 2024 | • | 2025 |
| $2.53 | $2.71 | $2.91 | $3.12 | $3.34 | ⬆ | $3.57✝ |
| 7.20% | 7.11% | 7.38% | 7.22% | 7.05% | ⬇ | 6.89% |
| 5-year DGR: | 7.19% | ⬇ | 7.13% | |||
✝projected, assuming no further changes
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