WEC Energy Group, a $25bn utility with a 4.1% dividend yield and 7% decade-long dividend growth, offers a stronger yield-growth combo than NextEra Energy.
WEC Energy Group, a $25bn utility with a 4.1% dividend yield and 7% decade-long dividend growth, offers a stronger yield-growth combo than NextEra Energy, a $155bn firm with a 2.7% yield and 10% annual dividend growth. WEC's electricity business is projected to grow 4.5-5%, appealing to income, dividend growth, and value investors. Despite a recent setback in its natural gas business, WEC management remains optimistic.
July 20, 2024
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