WEC Dividend Calculator
Real-time refresh paused — values may lag.
Dividend growth rate (CAGR)
| Year | Start Balance | Start Shares | Share Price | Dividend / Share | Dividend Yield | Yield on Cost | Annual Dividend | Total Dividends | End Shares | End Balance |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | $10,000 | 90.05 | $115.07 | $3.81 | 3.31% | 3.16% | $391.70 | $391.70 | 114.70 | $13,198 |
| 2 | $13,198 | 114.70 | $119.24 | $4.08 | 3.42% | 3.51% | $520.05 | $911.75 | 139.58 | $16,642 |
| 3 | $16,642 | 139.58 | $123.55 | $4.37 | 3.54% | 3.87% | $665.89 | $1,578 | 164.78 | $20,359 |
| 4 | $20,359 | 164.78 | $128.02 | $4.68 | 3.66% | 4.24% | $831.61 | $2,409 | 190.42 | $24,378 |
| 5 | $24,378 | 190.42 | $132.66 | $5.02 | 3.78% | 4.64% | $1,020 | $3,429 | 216.60 | $28,733 |
| 6 | $28,733 | 216.60 | $137.46 | $5.37 | 3.91% | 5.06% | $1,234 | $4,663 | 243.44 | $33,464 |
| 7 | $33,464 | 243.44 | $142.44 | $5.76 | 4.04% | 5.51% | $1,478 | $6,141 | 271.08 | $38,612 |
| 8 | $38,612 | 271.08 | $147.59 | $6.17 | 4.18% | 6.01% | $1,755 | $7,896 | 299.66 | $44,227 |
| 9 | $44,227 | 299.66 | $152.94 | $6.61 | 4.32% | 6.55% | $2,071 | $9,968 | 329.33 | $50,367 |
| 10 | $50,367 | 329.33 | $158.47 | $7.08 | 4.47% | 7.15% | $2,432 | $12,399 | 360.27 | $57,093 |
S&P 500 is included only as a total-portfolio-value reference — it isn't the most meaningful benchmark for income-focused strategies. The 10% baseline reflects the index's long-term nominal total return (price + dividends), a reference rather than a forecast.
Historical dividends per share
Dividend-led pattern. Over 5 years WEC's dividend grew 7.13%/yr — roughly 1.2× VOO (5.91%) and 1.9× VYM (3.79%). Share price grew 3.62%/yr in the same window. Yield drifted from 3.3% to 4.1%.
For reinvesters, each DRIP buys cheaper income than the previous — yield-on-cost compounds upward. For total-return investors, dividend growth here is outpacing capital appreciation.
Based on dividends paid November 2011 to May 2026.
Recent dividends
| Ex-date | Cash amount | TTM yield | Fwd yield | Share price |
|---|---|---|---|---|
| 2026-05-14 | $0.95 | 3.31% | 3.41% | $111.64 |
| 2026-02-13 | $0.95 | 3.13% | 3.29% | $115.79 |
| 2025-11-14 | $0.89 | 3.22% | 3.22% | $110.97 |
| 2025-08-14 | $0.89 | 3.25% | 3.30% | $108.13 |
| 2025-05-14 | $0.89 | 3.38% | 3.49% | $102.24 |
| 2025-02-14 | $0.89 | 3.30% | 3.47% | $102.97 |
| 2024-11-14 | $0.84 | 3.47% | 3.47% | $96.13 |
| 2024-08-14 | $0.84 | 3.66% | 3.73% | $89.64 |
| 2024-05-13 | $0.84 | 3.81% | 3.93% | $84.88 |
| 2024-02-13 | $0.84 | 4.15% | 4.37% | $76.46 |
| 2023-11-13 | $0.78 | 3.93% | 3.93% | $79.38 |
| 2023-08-11 | $0.78 | 3.54% | 3.60% | $86.77 |
Source: Polygon.io. Last 12 dividend distributions, most recent first. TTM yield = sum of this payment + (frequency − 1) prior payments ÷ share price on ex-date. Forward yield = this payment × detected payout frequency ÷ share price on ex-date.
About WEC
WEC Energy Group — ticker WEC — is a regulated utility holding company headquartered in Milwaukee, Wisconsin. The company owns and operates electric and natural gas utilities serving roughly four and a half million customers across Wisconsin, Illinois, Michigan, and Minnesota, alongside an investment in a natural gas pipeline operator. The utility operations are organized into multiple regulated subsidiaries, each with its own state-commission-set rates. The combined regulated electric and gas rate base is the underlying driver of both earnings and dividends.
The dividend has been raised every year for more than four consecutive decades, placing WEC firmly inside the Dividend Aristocrat tier. The streak is among the longer-running utility dividend records in the United States. Annual hikes have historically been in the mid-to-high single digit percentage range, supported by capital expenditure programs that grow the rate base by roughly four to six percent per year over multi-year windows. The payout ratio runs in the sixty to seventy percent range of GAAP earnings, which the company describes as targeted policy aligned with the typical regulated-utility dividend payout norm.
What drives the dividend
The dividend is anchored to regulated rate base growth. As WEC invests in transmission, generation modernization, grid resilience, and gas-distribution infrastructure, state regulators set rates that allow recovery of those capital investments plus an authorized return on equity. Annual dividend hike rates have historically tracked the company's stated long-term earnings growth target — typically described as six to seven percent per year — which is itself a function of the capex program and the regulatory recovery cadence. The multi-state, multi-utility footprint provides some diversification across regulatory jurisdictions, reducing the concentration risk that a single-state utility would carry.
Why income investors consider WEC
The combination of a multi-decade hike track record, a multi-state regulated footprint, and a stated long-term earnings growth target gives WEC a profile that many income-oriented investors weigh alongside other large-cap Aristocrat utilities such as NEE, SO, and DUK. The yield typically runs in the middle of the utility group — higher than NEE in many windows, lower than SO or DUK — reflecting the market's pricing of the dividend growth runway relative to the starting yield. Holders sometimes pair WEC with one or two other utility Aristocrats to spread regulatory-jurisdiction risk while keeping the long-streak signal intact across the utility allocation.
Hypothetical scenarios
Scenario 1: WEC versus NEE / SO / DUK — the utility Aristocrat group
The natural comparison set for WEC within the dividend universe is the broader group of large-cap regulated utility Aristocrats — NextEra Energy (NEE), Southern Company (SO), and Duke Energy (DUK). All four share the structural shape of a regulated utility holding company with multi-decade dividend streaks, capital expenditure programs that drive rate-base growth, and dividend payout ratios broadly aligned with regulated-utility norms. What differentiates the four is the size of the rate base, the geographic and regulatory footprint, the mix of electric versus gas operations, and the stated long-term earnings growth targets.
WEC operates across Wisconsin, Illinois, Michigan, and Minnesota with both electric and gas distribution operations and an investment in a natural gas pipeline. NEE is the largest of the four by market capitalization and has the most aggressive renewable-energy investment program. SO is largely Southeast US electric with significant nuclear generation exposure. DUK is similarly Southeast US electric with a separate gas distribution business. The yields and dividend growth rates among the four typically cluster within a few percentage points of each other, but the underlying earnings growth drivers — renewable buildout for NEE, generation modernization for SO and DUK, multi-state distribution capex for WEC — produce somewhat different long-horizon profiles. Holding two or three of the four together is a common income-portfolio pattern when the holder wants regulated utility exposure but wants to diversify across the underlying growth drivers and regulatory jurisdictions.
Scenario 2: rate-base growth as the long-horizon dividend driver
WEC's annual capital expenditure program — recently in the multi-billion-dollar range each year — feeds directly into the regulated rate base across the company's four operating states. State public utility commissions allow recovery of approved capital investments plus an authorized return over multi-year windows. The company has historically targeted long-term earnings growth in the six to seven percent annual range, which corresponds to roughly the same range for the dividend growth rate over the same window. For a dividend-projection exercise on a long horizon, the relevant input is therefore the assumed annual capex-driven rate-base growth rate, not generic equity-market norms.
The calculator on this page lets a user run WEC assumptions at the company's stated growth target as one base case, and at more conservative four to five percent growth as a sensitivity. The income line at a 25-year horizon is meaningfully different under those two assumptions, and the gap illustrates how much of the projected outcome depends on the rate-base-growth assumption rather than the starting yield. This is the structural feature that distinguishes a long-horizon utility dividend projection from a higher-starting-yield projection on a slower-growing utility.
Compare WEC with another ticker
Sources & methodology
Dividend history and price data come from Polygon.io's reference and aggregates endpoints. Forward yield is computed as the sum of the most recent four cash distributions divided by the previous-close share price. The dividend growth rate shown on this page is the compound annual growth rate of total annual distributions across the available history in this snapshot.
Last updated: 2026-05-30.
Information here is for educational purposes only and does not constitute investment advice. Past dividend history does not guarantee future payments. Verify all figures with the issuer or a registered financial advisor before making investment decisions.
Looking for a specific ETF or stock?
Browse all 75 tickers — ETFs grouped by strategy, individual stocks grouped by yield.
Browse all tickers →