WEC Energy boosts dividend, to push the implied yield even further above its peer group
Marketwatch -

Shares of WEC Energy Group Inc. announced Thursday plans to raise its quarterly dividend by 7.4%, to 72.75 cents a share from 67.75 cents, in the first quarter of 2022. The Milwaukee-based utility company's stock rallied 1.8% in afternoon trading. Based on current stock prices, the new annual dividend rate implies a dividend yield of 3.26%, which compares with the current yield for the SPDR Utilities Select Sector ETF of 2.94% and the implied yield for the S&P 500 of 1.35%. Separately,...

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