The board of directors of WEC Energy Group, Inc. declared a quarterly cash dividend of 49.50 cents a share on the company's common stock, an increase of 8.2% over the current quarterly dividend of 45.75 cents a share. This raises the annual dividend rate to $1.98 a share. The higher dividend is payable March 1, 2016, to stockholders of record on February 12, 2016.