MILWAUKEE, Jan. 18 /PRNewswire-FirstCall/ — The board of directors of Wisconsin Energy Corporation (NYSE:WEC) today declared a quarterly dividend of 25 cents a share on the company’s common stock. The dividend is payable March 1, 2007, to stockholders of record on Feb. 14, 2007.
This represents an increase of 2 cents a share in the quarterly dividend rate.
“The dividend action taken by our board reflects the underlying strength of the company and the continued confidence we have in our long-term business plan,” said Gale E. Klappa, Wisconsin Energy chairman, president and chief executive.
With this increase, the new dividend is equivalent to an annual rate of $1 a share.
Wisconsin Electric declares regular quarterly dividends
Also today, the board of directors of Wisconsin Electric Power Company declared a dividend of 90 cents a share on the Preferred Stock, 3.60% Series, payable on March 1, 2007, to stockholders of record on Feb. 14, 2007. The board further declared a dividend of $1.50 a share on the Six Per Cent. Preferred Stock payable on April 30, 2007, to stockholders of record on April 13, 2007.
Wisconsin Energy Corporation (NYSE:WEC) , based in Milwaukee, is one of the nation’s premier energy companies, serving more than 1.1 million electric customers in Wisconsin and Michigan’s Upper Peninsula and more than 1 million natural gas customers in Wisconsin. The company’s principal utilities are We Energies and Edison Sault Electric. The company’s non-utility businesses include renewable energy technology and real estate development. Wisconsin Energy Corporation ( http://www.wisconsinenergy.com/ ) has more than $10 billion of assets, 5,300 employees and approximately 56,000 stockholders of record.
Wisconsin Electric Power Company, a principal utility subsidiary of Wisconsin Energy Corporation (NYSE:WEC) , is now doing business as We Energies. The company serves more than 1.1 million electric customers in Wisconsin and Michigan’s Upper Peninsula and 452,000 natural gas customers in Wisconsin. Visit the We Energies Web site at http://www.we-energies.com/ .
