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WEC Energy to raise dividend by 6.25%

WEC Energy Group Inc.'s board directors on Dec. 7 announced plans to increase the company's common stock dividend by 6.25% to 55.25 cents per share in the first quarter of 2018. On an annualized basis, the planned dividend would be $2.21.

The directors plans to declare the new dividend in January, expected to be payable March 1, 2018, to stockholders of record Feb. 14, 2018.