Published on 8 May 2024 on Simply Wall St. via Yahoo Finance

We Wouldn't Be Too Quick To Buy WEC Energy Group, Inc. (NYSE:WEC) Before It Goes Ex-Dividend

It looks like WEC Energy Group, Inc. (NYSE:WEC) is about to go ex-dividend in the next four days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Meaning, you will need to purchase WEC Energy Group's shares before the 13th of May to receive the dividend, which will be paid on the 1st of June.

The company's next dividend payment will be US$0.835 per share, on the back of last year when the company paid a total of US$3.34 to shareholders. Last year's total dividend payments show that WEC Energy Group has a trailing yield of 4.0% on the current share price of US$83.83. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether WEC Energy Group has been able to grow its dividends, or if the dividend might be cut.