WEC Research
WEC Energy Group, Inc.
Next ex-dividend date: 2026-08-13 (65 days away)
3.42%
Forward yield
$3.810 / yr per share
Yield percentile (5y)
P 92
2.8% (P10)3.1% (med)3.4% (P90)
Quality score
72/100
Good · ETF
Annual / share
$3.810
Quarterly · next ex-date 08-13 (65d)
vs 5y P90 reference
+6%
$111.25 vs $104.13 (5y P90 price)
Refreshed 2026-06-09Data coverage High — 41y history
01Fundamentals
WEC offers a 3.21% dividend yield with 41 consecutive years of dividend payments, but its -$1018700000.0 Free Cash Flow is a critical concern for dividend sustainability. The 0.0/20 balance sheet strength score further confirms significant financial weakness, indicating the dividend is not fundamentally covered.
Bull caseWEC has a strong dividend commitment, evidenced by 41 consecutive years of payments and a robust 9.29% 5Y dividend growth.
Bear caseThe company's -$1018700000.0 Free Cash Flow means its $3.692 TTM annual dividend is not supported by operational cash generation, signaling fundamental payment instability.
02Risk & quality
| Payout ratio | N/A · ETF distribution model |
| Overall quality score | 72 / 100 · Good |
Score breakdown — five dimensions, each /2020 + 15 + 20 + 6 + 0 = 72
20.0/20
Consistency
15.0/20
Payout safety
20.0/20
Moat
6.2/20
Growth rate
↓
0.0/20
Balance sheet
- Consistency 20.0/20 — WEC has raised or maintained its dividend for 41 consecutive years, qualifying as a Dividend Aristocrat (25+ year streak). The dimension caps at 10 years, so 41 years comfortably clears the ceiling for full credit.
- Payout safety 15.0/20 — WEC doesn't report a clean payout ratio under either GAAP or free-cash-flow terms, so this dimension defaults to a neutral score. The score doesn't say the payout is safe or unsafe — only that the standard ratio test can't be applied here.
- Moat 20.0/20 — Scores how protected WEC's earnings stream is from competition. Operating in this sector, WEC benefits from the kind of brand pricing power, regulatory position, or scale that lets margins hold up through economic cycles. Cyclical or commodity-driven sectors typically score in the single digits here.
- Growth rate 6.2/20 — WEC's dividend grew about 9.3% per year over 5 years — solid by absolute standards, but a notch below the 15-20% pace seen at growth-oriented dividend payers (think SCHD constituents). Familiar pattern for established staples already paying out most of what they earn — the runway for further hikes naturally narrows once payout ratios climb.
- Balance sheet 0.0/20 — A composite of ROE and inverse leverage. A low score here can mean weak return-on-equity, high debt, or both — for WEC, ROE and 164% debt-to-equity. Doesn't directly threaten the current dividend if cash flow is healthy, but it does limit how much room the company has for future hikes or to absorb a downturn.
03Price reference
$10,000at current price →$342/ yr in dividends
Math: 3.42% forward yield. Historical 5y DGR is 9.3%/yr — past growth does not guarantee future results.
Below are statistical price references from the last 5 years of trading, anchored to historical drawdown events. They describe where the price has been — not where it should be.
$92.48
$104.13
$111.25
5y P10
5y P90
Now
| Current price | $111.25 |
| 5y P90 reference (high-yield 10% tail) | $104.13 — 6.4% lower |
| 5y P10 reference (low-yield 10% tail) | $92.48 — 16.9% lower |
| 5y max observed yield (at P10 price) | 4.1% |
| Annual dividend (frozen forward) | $3.810 / share · 3.42% yield |
Historical anchor · 2020-03 COVID Sell-off
Low $57.77 · drawdown 2862 days · yield reached 3.4%
COVID pandemic triggered global liquidity panic, market plunged 34% in 3 weeks
Important — this is reference data, not investment advice.
Quality scores, percentiles, and price references are statistical summaries of historical data computed by our research methodology from public market data, refreshed daily. They do not constitute a buy / sell / hold recommendation, do not account for your personal financial situation, tax bracket, or goals, and past performance does not predict future results. Consult a registered investment advisor before making investment decisions. divcalc.io is not a registered investment advisor.
Quality scores, percentiles, and price references are statistical summaries of historical data computed by our research methodology from public market data, refreshed daily. They do not constitute a buy / sell / hold recommendation, do not account for your personal financial situation, tax bracket, or goals, and past performance does not predict future results. Consult a registered investment advisor before making investment decisions. divcalc.io is not a registered investment advisor.