Wisconsin Energy confirms pro rata dividends upon closing of acquisition

MILWAUKEE, June 29, 2015 /PRNewswire/ -- Wisconsin Energy Corporation announced today it has completed the acquisition of Integrys Energy – forming the WEC Energy Group WEC and reiterated its dividend declaration to shareholders.

On June 12, the board declared a pro rata dividend of $0.00459239 a share per day that accrued from May 15, 2015, through June 28, 2015, one day prior to the closing of the acquisition.  This pro rata dividend – which covers 45 days -- is the daily equivalent of the current quarterly dividend rate of $0.4225 a share.

As a result, Wisconsin Energy shareholders of record on June 28 will receive a payment of $0.20665755 a share, payable within the next 10 days.

The board had also declared a pro rata dividend of $0.00497283 a share per day (the daily equivalent of $0.4575 per quarter) that will accrue from June 29 through Aug. 14, 2015, which is Wisconsin Energy's normal record date.  This pro rata dividend will be paid on Sept. 1, 2015, to Wisconsin Energy shareholders of record on Aug. 14, 2015. 

Integrys Energy shareholders of record on June 28 will receive a payment of $0.21702 a share, payable within the next 10 days.  This represents the pro rata dividend of $0.007234 a share per day that accrued from May 30, 2015, through June 28, 2015.

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SOURCE Wisconsin Energy Corporation