WEC Energy Group, Inc. ( NYSE:WEC) has announced that it will be increasing its dividend from last year's comparable payment on the 1st of March to $0.8925. The payment will take the dividend yield to 3.6%, which is in line with the average for the industry.

RBC Capital analyst Shelby Tucker maintained a Hold rating on WEC Energy Group (WEC – Research Report) on January 13 and set a price target of

WEC Energy Group is initiating a quarterly dividend of 89 cents a share, a nearly 7% increase from its current quarterly dividend, the company said. The new dividend is payable March 1 to stockholders of record on Feb.