Why I Bought WEC Energy Stock (and You Might Consider It Too)

The author, a dividend-focused investor, was hesitant to add more utility stocks to their portfolio but was impressed by WEC Energy. Despite being a typical, slow-growing utility company, WEC Energy offers a compelling combination of a high dividend yield (around 4%), a long history of annual dividend increases (21 years), and a strong dividend growth rate (7% average). This led the author to believe WEC Energy might be a good value investment, especially compared to a larger competitor like NextEra Energy, which has a lower yield and a faster-growing but less predictable business model.