Reported 2 months ago
In a recent investment decision, the author purchased shares of WEC Energy, a utility company known for its reliable dividends and stable growth. With a market cap of $26 billion and a dividend yield around 4%, WEC has demonstrated a long history of annual dividend increases, making it an attractive option for conservative investors. Despite facing challenges such as rising interest rates and regulatory uncertainties in Illinois, the company has a robust $23.7 billion capital investment plan aimed at sustaining earnings growth. The author believes these temporary challenges do not overshadow the stock's potential for future growth.
Source: YAHOO