2024-02-13 08:00:00 ET
Summary
- I love owning companies with a proven track record of rewarding shareholders with rising dividend payments.
- WEC Energy Group's total operating revenue fell as its non-GAAP diluted EPS surged higher in Q4.
- The electric and gas utility has the balance sheet and cash flow needed to carry out its five-year capital plan.
- Shares of WEC Energy Group could be trading meaningfully below fair value.
- The utility offers a 4%+ starting yield, with an underlying payout that could keep growing by 6% to 7% annually.
Dividend growth investing doesn't have to be complicated. Better yet, it should be as simple as possible. When I'm screening companies to add to my dividend growth portfolio, I look at several elements....
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WEC Energy Group: A High-Quality Dividend Compounder To Buy Now