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

Simply Wall St.11-09

WEC Energy Group, Inc. (NYSE:WEC) is about to trade ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which...

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The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which...</p>\n\n<a href=\"https://finance.yahoo.com/news/wouldnt-too-quick-buy-wec-122850232.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>We Wouldn't Be Too Quick To Buy WEC Energy Group, Inc. 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(NYSE:WEC) Before It Goes Ex-Dividend\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-09 20:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/wouldnt-too-quick-buy-wec-122850232.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WEC Energy Group, Inc. (NYSE:WEC) is about to trade ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which...</p>\n\n<a href=\"https://finance.yahoo.com/news/wouldnt-too-quick-buy-wec-122850232.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2637428348.USD","symbol_name":"NORDEA 1 GLOBAL SUSTAINABLE LISTED REAL ASSETS \"MP\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/wouldnt-too-quick-buy-wec-122850232.html","article_id":"2482428659","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/naUy9BSoI62CZsfZfNs5GQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/e44b48510541f08ce6d7c1a7b2f6b239"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482428659","pubTimestamp":1731155330,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"WEC Energy Group, Inc.  is about to trade ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. This means that investors who purchase WEC Energy Group's shares on or after the 14th of November will not receive the dividend, which will be paid on the 1st of December.Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. With that in mind, we're encouraged by the steady growth at WEC Energy Group, with earnings per share up 4.0% on average ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2637428348.USD":"NORDEA 1 GLOBAL SUSTAINABLE LISTED REAL ASSETS \"MP\" (USD) INC","NYSE":"纽交所","WEC":"威州能源","BK4208":"复合型公用事业","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"在WEC Energy Group，Inc.（纽约证券交易所股票代码：WEC）除息之前，我们不会太快购买该公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NYSE":1,"WEC":1},"content_text":"WEC Energy Group, Inc. (NYSE:WEC) is about to trade ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. This means that investors who purchase WEC Energy Group's shares on or after the 14th of November will not receive the dividend, which will be paid on the 1st of December. \n The company's next dividend payment will be US$0.835 per share. Last year, in total, the company distributed US$3.34 to shareholders. Last year's total dividend payments show that WEC Energy Group has a trailing yield of 3.4% on the current share price of US$97.59. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. 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. \n Check out our latest analysis for WEC Energy Group \n If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. It paid out 80% of its earnings as dividends last year, which is not unreasonable, but limits reinvestment in the business and leaves the dividend vulnerable to a business downturn. It could become a concern if earnings started to decline. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. It paid out an unsustainably high 252% of its free cash flow as dividends over the past 12 months, which is worrying. It's pretty hard to pay out more than you earn, so we wonder how WEC Energy Group intends to continue funding this dividend, or if it could be forced to cut the payment. \n WEC Energy Group paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough cash to cover the dividend. Cash is king, as they say, and were WEC Energy Group to repeatedly pay dividends that aren't well covered by cashflow, we would consider this a warning sign. \n Click here to see the company's payout ratio, plus analyst estimates of its future dividends. \n\n\n\n  NYSE:WEC Historic Dividend November 9th 2024\n \n\nHave Earnings And Dividends Been Growing?\n Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. With that in mind, we're encouraged by the steady growth at WEC Energy Group, with earnings per share up 4.0% on average over the last five years. Earnings have been growing somewhat, but we're concerned dividend payments consumed most of the company's cash flow over the past year. \n The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. In the past 10 years, WEC Energy Group has increased its dividend at approximately 7.9% a year on average. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. \n The Bottom Line \n Has WEC Energy Group got what it takes to maintain its dividend payments? WEC Energy Group is paying out a reasonable percentage of its income and an uncomfortably high 252% of its cash flow as dividends. At least earnings per share have been growing steadily. It's not the most attractive proposition from a dividend perspective, and we'd probably give this one a miss for now. \n With that being said, if you're still considering WEC Energy Group as an investment, you'll find it beneficial to know what risks this stock is facing. Every company has risks, and we've spotted 2 warning signs for WEC Energy Group (of which 1 makes us a bit uncomfortable!) you should know about. \n A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482428659"}