Group declared a quarterly cash dividend of 89.25 cents per share on the company’s common stock, an increase of 6.9% over the current quarterly dividend of 83.50 cents per share. This raises the annual dividend rate to $3.

WEC Energy Group is initiating a quarterly dividend of 89 cents a share, a nearly 7% increase from its current quarterly dividend, the company said. The new dividend is payable March 1 to stockholders of record on Feb. 14, the Milwaukee-based company said Thursday.

The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 89.25 cents per share on the company's common stock, an increase of 6.9 percent over the current quarterly dividend of 83.

RBC Capital analyst Shelby Tucker maintained a Hold rating on WEC Energy Group (WEC – Research Report) on January 13 and set a price target of