Wisconsin Electric Power Co., 3.60% Serial Preferred Stock (WELPP)
OTOTC · Preferred · CUSIP 976656306
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Security Details

Coupon Rate
3.60%
Liquidation Preference
$100.00
Call Price
$101.00
Call / Redemption Date
—
Maturity Date
None
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
3.60
Distribution Dates
3/1, 6/1, 9/1 & 12/1
Credit Ratings
Moody's Baa1 · S&P NR (6/15/2025)
Tax-Advantaged Dividends
Yes

Security Profile

Security Type
Traditional Preferred Stock »
CUSIP
976656306
Market Cap
Micro Cap · $14 Million
Parent Company
WEC Energy Group, Inc. (WEC)
Business: Wisconsin Electric Power Co., 3.60% Series, Serial Preferred Stock, par value $100 per share, redeemable any time at the company's option at $101 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 3.60% ($3.60) are paid quarterly on 3/1, 6/1, 9/1 & 12/1. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. Wisconsin Electric Power Co. is a wholly-owned subsidiary of Wisconsin Energy Corp. (NYSE: WEC).

Company Contact

CEO
Richard A. Abdoo
CFO
Paul Donovan
Headquarters
231 West Michigan Street, Milwaukee, WI 53201
Phone
414-221-2345 · Toll-Free 800-558-9663
Fax
414-221-2884
Investor Relations
Colleen Henderson · 414-221-2592 · colleen.henderson@wepco.com
SEC EDGAR Filings
View filings »