WEC Energy Group (WEC) Dividend
WEC Energy Group, Inc. · Utilities · Utilities - Regulated Electric · quarterly payer
As of Nov 5, 2026, WEC Energy Group (WEC) pays a quarterly dividend of $0.9530 per share, or $3.81 a year, a 3.23% yield at its $117.82 share price. The next ex-dividend date is Nov 13, 2026, paid Dec 1, 2026. It has raised its dividend 10 years in a row and has a dividend safety grade of A.
Forward Yield
3.23%
Annual Dividend
$3.81
Payout Ratio
68%
5-Yr Growth
7.1%
Ex-Date
Nov 13, 2026
Frequency
Quarterly
Key facts about WEC's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, WEC Energy Group, Inc. (WEC) has a forward dividend yield of 3.23%, based on an annual dividend of $3.81 per share and a share price of $117.82.
- As of Nov 5, 2026, WEC's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, WEC Energy Group, Inc. (WEC) has raised its dividend for 10 consecutive years as of Nov 5, 2026.
- WEC last cut its regular dividend in 2001.
- WEC's next ex-dividend date is Nov 13, 2026, with payment on Dec 1, 2026. Shares must be owned before that date to receive the dividend.
- As of Nov 5, 2026, WEC pays out 68% of its trailing 12-month earnings as dividends (its payout ratio).
- WEC's dividend has grown at an average rate of 7.1% a year over the past five years.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for WEC is $113.56 per share, 4% below the $117.82 share price, so WEC screens as fairly valued.
- WEC Energy Group, Inc. (WEC) pays its dividend quarterly, 4 times a year.
- WEC Energy Group, Inc. (WEC) has raised its regular dividend 41 times and cut it 2 times across the 161 payments on record since 1986. Its most recent change was a 6.7% increase to $0.953 per share, going ex-dividend on Feb 13, 2026. The last cut went ex-dividend on Jun 30, 2015.
- WEC Energy (WEC) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 6.7%, was declared on Dec 4, 2025.
Cite this page
SmarterDividends, "WEC Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/WEC
Is WEC a good dividend stock?
YesWEC Energy Group, Inc. (WEC) pays a quarterly dividend yielding 3.23% ($3.81/yr), with 10 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 10 consecutive years of dividend growth
- Strong 7.1% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2001
Key Data
- Dividend Yield
- 3.23%
- Payout Ratio
- 68%
- Annual Dividend
- $3.81
- 5-Yr Avg Growth
- 7.1%
- Ex-Dividend Date
- Nov 13, 2026
- Years of Growth
- 10
- Frequency
- quarterly
- Beta
- 0.42
- Market Cap
- $38.8B
- P/E Ratio
- 21.4
- 5-Yr Total Return
- 34%
- 52-Week Range
- $99.80 – $119.91
- Dividend Safety
- A · 88/100
- Ever Cut?
- Yes (2001)
WEC dividend raises and cuts
WEC Energy Group, Inc. (WEC) has raised its regular dividend 41 times and cut it 2 times across the 161 payments on record since 1986. Its most recent change was a 6.7% increase to $0.953 per share, going ex-dividend on Feb 13, 2026. The last cut went ex-dividend on Jun 30, 2015.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 13, 2026 | Raise | $0.893 → $0.953 | +6.7% |
| Feb 14, 2025 | Raise | $0.835 → $0.893 | +6.9% |
| Feb 13, 2024 | Raise | $0.780 → $0.835 | +7.1% |
| Feb 13, 2023 | Raise | $0.728 → $0.780 | +7.1% |
| Feb 11, 2022 | Raise | $0.678 → $0.728 | +7.4% |
| Feb 11, 2021 | Raise | $0.633 → $0.678 | +7.1% |
| Feb 13, 2020 | Raise | $0.590 → $0.633 | +7.3% |
| Feb 13, 2019 | Raise | $0.553 → $0.590 | +6.7% |
| Feb 13, 2018 | Raise | $0.520 → $0.553 | +6.3% |
| Feb 10, 2017 | Raise | $0.495 → $0.520 | +5.1% |
| Feb 10, 2016 | Raise | $0.458 → $0.495 | +8.1% |
| Nov 10, 2015 | Raise | $0.234 → $0.458 | +95.7% |
Show all 43 changes since 1987
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 12, 2015 | Raise | $0.207 → $0.234 | +13.0% |
| Jun 30, 2015 | Cut | $0.423 → $0.207 | −51.1% |
| May 12, 2015 | Raise | $0.422 → $0.423 | +0.2% |
| Feb 11, 2015 | Raise | $0.390 → $0.422 | +8.2% |
| Feb 12, 2014 | Raise | $0.383 → $0.390 | +1.8% |
| Aug 12, 2013 | Raise | $0.340 → $0.383 | +12.6% |
| Feb 12, 2013 | Raise | $0.300 → $0.340 | +13.3% |
| Feb 10, 2012 | Raise | $0.260 → $0.300 | +15.4% |
| Feb 10, 2011 | Raise | $0.200 → $0.260 | +30.0% |
| Feb 10, 2010 | Raise | $0.169 → $0.200 | +18.3% |
| Feb 11, 2009 | Raise | $0.135 → $0.169 | +25.2% |
| Feb 12, 2008 | Raise | $0.125 → $0.135 | +8.0% |
| Feb 12, 2007 | Raise | $0.115 → $0.125 | +8.7% |
| Feb 10, 2006 | Raise | $0.110 → $0.115 | +4.5% |
| Feb 9, 2005 | Raise | $0.105 → $0.110 | +4.8% |
| May 12, 2004 | Raise | $0.100 → $0.105 | +5.0% |
| Nov 10, 2000 | Cut | $0.195 → $0.100 | −48.7% |
| May 8, 1998 | Raise | $0.193 → $0.195 | +1.3% |
| May 9, 1997 | Raise | $0.190 → $0.193 | +1.3% |
| May 9, 1996 | Raise | $0.184 → $0.190 | +3.3% |
| May 2, 1995 | Raise | $0.176 → $0.184 | +4.5% |
| May 3, 1994 | Raise | $0.170 → $0.176 | +3.5% |
| Aug 3, 1993 | Raise | $0.169 → $0.170 | +0.9% |
| May 4, 1993 | Raise | $0.163 → $0.169 | +3.7% |
| Aug 4, 1992 | Raise | $0.162 → $0.163 | +0.1% |
| May 1, 1992 | Raise | $0.155 → $0.162 | +4.7% |
| May 1, 1991 | Raise | $0.147 → $0.155 | +5.7% |
| May 1, 1990 | Raise | $0.138 → $0.147 | +6.0% |
| May 1, 1989 | Raise | $0.128 → $0.138 | +7.8% |
| May 3, 1988 | Raise | $0.120 → $0.128 | +6.9% |
| May 1, 1987 | Raise | $0.112 → $0.120 | +7.5% |
Frequently Asked Questions
Is WEC a good dividend stock?
Yes. WEC Energy Group, Inc. (WEC) pays a quarterly dividend yielding 3.23% ($3.81/yr), with 10 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is WEC undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WEC's fair value is about $113.56 versus a $117.82 share price — so it looks fairly valued (-4% vs. fair value).
Is WEC's dividend safe?
WEC has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 10-year growth streak, a dividend cut in 2001, debt and yield-versus-history.
What is WEC's fair value?
Our blended fair-value estimate for WEC is about $113.56 per share, about 4% below the current $117.82 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is WEC a buy, hold, or sell?
We don't issue formal ratings, but on the data WEC screens as "yes" and fairly valued. WEC Energy Group, Inc. (WEC) pays a quarterly dividend yielding 3.23% ($3.81/yr), with 10 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will WEC cut its dividend?
WEC earns a dividend-safety grade of A (88/100), and has cut its dividend before (last in 2001). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does WEC pay a dividend?
Yes. WEC Energy Group, Inc. pays a quarterly dividend of about $3.81 per share annually, a forward yield of roughly 3.23%.
How much dividend does 100 shares of WEC pay?
At $3.81 per share a year, 100 shares of WEC pay $381.00 a year in dividends before tax, about $95.25 each quarter. Buying them costs about $11,782 at the Nov 5, 2026 price.
What is WEC's dividend yield?
As of Nov 5, 2026, WEC's forward dividend yield is 3.23%, based on a $3.81 annual dividend and a $117.82 share price.
What is WEC's dividend per share?
As of Nov 5, 2026, WEC pays $3.81 per share per year, distributed on a quarterly basis.
What is WEC's dividend payout ratio?
As of Nov 5, 2026, WEC's payout ratio is 68% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has WEC grown its dividend?
As of Nov 5, 2026, WEC has increased its dividend for 10 consecutive years.
When is the next WEC ex-dividend date?
As of Nov 5, 2026, the next ex-dividend date on record for WEC is Nov 13, 2026.
WEC Price — Last 12 Months
Daily close
Price Return
1 Year
+4%
3 Years
+39%
5 Years
+34%
52-Week Range
$99.80 – $119.91
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WEC worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for WEC Energy Group, Inc. is $113.56 per share, versus a market price of $117.82. That implies the stock is roughly fairly priced.
Fair Value
$113.56
Current Price
$117.82
Gap
-4%
Margin of Safety
-4%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 8.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 8.5% growth for five years fading to 2.5% over the next five, $5.50 EPS, $3.81 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WEC Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full WEC dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | Sep 1, 2026 | $0.9530 | regular |
| May 14, 2026 | Jun 1, 2026 | $0.9530 | regular |
| Feb 13, 2026 | Mar 1, 2026 | $0.9530 | regular |
| Nov 14, 2025 | Dec 1, 2025 | $0.8930 | regular |
| Aug 14, 2025 | Sep 1, 2025 | $0.8930 | regular |
| May 14, 2025 | Jun 1, 2025 | $0.8930 | regular |
| Feb 14, 2025 | Mar 1, 2025 | $0.8930 | regular |
| Nov 14, 2024 | Dec 1, 2024 | $0.8350 | regular |
| Aug 14, 2024 | Sep 1, 2024 | $0.8350 | regular |
| May 13, 2024 | Jun 1, 2024 | $0.8350 | regular |
| Feb 13, 2024 | Mar 1, 2024 | $0.8350 | regular |
| Nov 13, 2023 | Dec 1, 2023 | $0.7800 | regular |
| Aug 11, 2023 | Sep 1, 2023 | $0.7800 | regular |
| May 11, 2023 | Jun 1, 2023 | $0.7800 | regular |
Income Calculator
At $3.81 / yr per share
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