WEC, KeyCorp, Fastenal, Con Edison, and Valero Announce Dividends

Dividend Increases Announced: WEC Energy declares a quarterly cash dividend of 89.25 cents per share, a 6.9% hike from the previous rate. This reflects consistent commitment to shareholders as seen with other firms like Con Edison and Valero Energy, showcasing stable returns.

Date: 17-01-2025

AI Rating: 7

WEC Energy Group Dividend Increase
WEC Energy Group's board declared a quarterly cash dividend of 89.25 cents per share, marking a 6.9% increase from the previous 83.50 cents. This increase in dividends reflects the company's strong commitment to returning value to shareholders, consistently targeting a payout ratio of 65% to 70% of earnings.

KeyCorp's Dividend Declaration
KeyCorp announced a cash dividend of $0.205 per share, scheduled for payment on March 14, 2025. While the analysis does not provide specific growth percentages or payout ratios, the declaration of dividends is a positive indication of the company's financial health.

Fastenal's Dividend Continues
Fastenal's board also declared a dividend of $0.43 per share for payment on February 28, 2025. This indicates the company's ongoing capacity to return value to its shareholders, although no specific growth rates or payout ratios are discussed.

Consolidated Edison Record
Consolidated Edison declared a quarterly dividend of 85 cents per share, with an annualized increase over the previous $3.32 dividend. This marks the 51st consecutive annual dividend increase for Consolidated Edison, which reflects an emphasis on maintaining shareholder returns while supporting operational sustainability. The targeted payout ratio is between 55% to 65% of adjusted earnings.

Valero Energy Dividend Increase
Valero Energy increased its quarterly dividend from $1.07 to $1.13 per share, lifting the annualized dividend to $4.52. This increase signifies positive performance within the company and indicates a continued commitment to shareholder returns.

Stocks: WEC KEY FAST ED VLO