Wisconsin Energy Hikes Dividend

Sets a 1-cent rise.
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Wisconsin Energy

(WEC) - Get Report

, the Milwaukee-based energy company, raised its quarterly dividend to 23 cents from 22 cents.

The dividend is payable March 1, 2006 to stockholders of record on Feb. 14, 2006.

Wisconsin Electric Power, the main utilities subsidiary of Wisconsin Energy, also declared a dividend of 90 cents on its 3.60% preferred stock, payable March 1 to stock of record Feb. 14.

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