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MILWAUKEE , Dec. 5, 2024 /PRNewswire/ -- The board of directors of WEC Energy Group WEC today announced that it is planning to raise the quarterly dividend on the company's common stock to 89.25 cents per share in the first quarter of 2025. This would represent an increase of 5.75 cents per share, or 6.9 percent. The directors expect to declare the new dividend at their regularly scheduled meeting in January. The dividend — which would be equivalent to an annual rate of $3.57 per share — would be payable March 1, 2025 , to stockholders of record on Feb. 14, 2025 . "The board's review today is consistent with our ongoing plan targeting a dividend payout ratio of 65 to 70 percent of earnings," said Scott Lauber , president and CEO. "The projected dividend for 2025 is in line with the company's longer-term objective to grow earnings per share at a 6.5 to 7 percent compound annual growth rate." In addition, the company introduced earnings guidance for 2025. Calendar year 2025 earnings are expected to be in a range of $5.17 to $5.27 per share. The midpoint of the range is $5.22 per share. This represents growth of 7.6 percent from the midpoint of the company's 2024 adjusted guidance of $4.85 per share. WEC Energy Group WEC , based in Milwaukee , is one of the nation's premier energy companies, serving 4.7 million customers in Wisconsin , Illinois , Michigan and Minnesota . The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in states ranging from South Dakota to Texas . WEC Energy Group ( wecenergygroup.com ) is a Fortune 500 company and a component of the S&P 500. The company has approximately 34,000 stockholders of record, 7,000 employees and more than $45 billion of assets. Forward-looking statements Certain statements contained in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based upon management's current expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those contemplated in the statements. Readers are cautioned not to place undue reliance on these statements. Forward-looking statements include, among other things, statements concerning management's expectations and projections regarding earnings, earnings growth rates, dividend payments and future results. In some cases, forward-looking statements may be identified by reference to a future period or periods or by the use of forward-looking terminology such as "anticipates," "believes," "estimates," "expects," "forecasts," "guidance," "intends," "may," "objectives," "plans," "possible," "potential," "projects," "should," "targets," "will" or similar terms or variations of these terms. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements include, but are not limited to: general economic conditions, including business and competitive conditions in the company's service territories; timing, resolution and impact of rate cases and other regulatory decisions, including rider reconciliations; the company's ability to continue to successfully integrate the operations of its subsidiaries; availability of the company's generating facilities and/or distribution systems; unanticipated changes in fuel and purchased power costs; key personnel changes; unusual, varying, or severe weather conditions; continued industry restructuring and consolidation; continued advances in, and adoption of, new technologies that produce power or reduce power consumption; energy and environmental conservation efforts; electrification initiatives, mandates and other efforts to reduce the use of natural gas; the company's ability to successfully acquire and/or dispose of assets and projects and to execute on its capital plan; terrorist, physical or cyber-security threats or attacks and data security breaches; construction risks; labor disruptions; equity and bond market fluctuations; changes in the company's and its subsidiaries' ability to access the capital markets; changes in tax legislation or our ability to use certain tax benefits and carryforwards; federal, state, and local legislative and regulatory changes, including changes in rate-setting policies or procedures and environmental standards, the enforcement of these laws and regulations and changes in the interpretation of regulations or permit conditions by regulatory agencies; supply chain disruptions; inflation; political or geopolitical developments, including impacts on the global economy, supply chain and fuel prices, generally, from ongoing, escalating, or expanding regional conflicts; the impact from any health crises, including epidemics and pandemics; current and future litigation and regulatory investigations, proceedings or inquiries; changes in accounting standards; the financial performance of American Transmission Company as well as projects in which the company's energy infrastructure business invests; the ability of the company to obtain additional generating capacity at competitive prices; goodwill and its possible impairment; and other factors described under the heading "Factors Affecting Results, Liquidity and Capital Resources" in Management's Discussion and Analysis of Financial Condition and Results of Operations and under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" contained in the company's Form 10-K for the year ended December 31, 2023 , and in subsequent reports filed with the Securities and Exchange Commission. Except as may be required by law, the company expressly disclaims any obligation to publicly update or revise any forward-looking information. View original content: https://www.prnewswire.com/news-releases/wec-energy-group-announces-plan-to-increase-dividend-by-6-9-percent-302324331.html SOURCE WEC Energy Group © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.MEXICO CITY — In recent days, Mexican President Claudia Sheinbaum has touted her country's largest-ever seizure of fentanyl and highlighted multiple crackdowns on migrants headed toward to the United States. She was speaking to the press, but her most important audience is U.S. President-elect Donald Trump. Her campaign is widely seen as a desperate effort to head off his pledge to impose a 25 percent tariff on Mexican goods when he takes office next month. "The timing is no coincidence," said Eduardo Guerrero, a security analyst in Mexico City. "President Sheinbaum's agenda has changed radically with the triumph of Trump and with the threats he directed at Mexico." There is deep anxiety here about the potentially devastating impacts of tariffs on an already sluggish economy that is heavily dependent on trade. The United States accounts for more than 80 percent of Mexico's exports. "They were clearly not prepared for Trump winning the way he won, and Trump saying the things he has said since the election," said Jorge Castañeda, a former foreign secretary. "So they are doing what they can to catch up, a little on the fly. To make Trump and the Americans in general feel like she is trying to do things to make Trump happy." A telephone conversation between the two leaders didn't seem to help. An elated Trump reported after the call on social media that Sheinbaum had "agreed to stop Migration through Mexico" and had committed to "effectively closing our Southern Border." Sheinbaum disputed that, saying that Mexico's position was not to close borders, but "to build bridges between governments and communities." Mexican officials have been enlisting U.S. corporations, politicians and others to help dissuade Trump from imposing tariffs. "It's better for Mexico to know about the tariff threat beforehand," said Sofía Ramírez, who heads the economic think tank México, ¿cómo vamos? "This way they can at least formulate a response." Officials even launched a highly publicized offensive against contraband goods from Asia, raiding a shopping center in downtown Mexico City and seizing thousands of toys and other products — an operation widely seen as a preemptive strike to discourage Trump from trying to punish Mexico for serving as a conduit for Chinese merchandise headed to the United States. Sheinbaum "realized that China is a big deal for Trump, and if she wants to stay on his good side, Mexico has to do more to prevent China from using Mexico as a back door to get into the U.S. market," said Denise Dresser, a columnist and political scientist at the Autonomous Technological Institute of Mexico. The president has denied that she is simply trying to placate Trump. Mexicans, she recently told reporters, "can be sure that we are never going to bow our head or be ashamed." Sheinbaum must walk a fine line between her constituents, who don't want to see Mexico humiliated — or go broke — and the unpredictable, impetuous Trump. Few expect Sheinbaum, a scientist of austere demeanor, to secure the kind of rapport with Trump enjoyed by her predecessor, Andrés Manuel López Obrador, a folksy, old-school populist who showered Trump with praise at every opportunity. "She is not going to go and campaign for Trump in the Rose Garden," said Dresser, recalling López Obrador's 2020 visit to the Trump White House. "He's not going to call her, 'Mi amiga Claudia,' or sit and drink tequilas with her." Trump views tariffs as a way to pressure countries to do what he wants. In issuing his threat against Mexico last month in a post on his social media platform, he wrote: "The Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!" It didn't take long before Sheinbaum started trotting out accomplishments in those areas. On Dec. 4 — nine days after the tariff threat — Sheinbaum announced the seizure of more than a ton of fentanyl in two raids in the state of Sinaloa, a notorious cartel bastion and manufacturing hub for the synthetic opioid. The haul could have produced 20 million doses of fentanyl and yielded more than $400 million for organized crime, she told reporters. The operation, she said, had been planned for some time, countering suggestions in the Mexican media that it had been stage-managed to win over the Trump team. Completely shutting down the fentanyl trade is probably not possible, according to experts. Smugglers ship precursor chemicals from China to Mexico, where the opioid is produced in clandestine labs, before being transported across the U.S. border. It's not clear whether Trump will be willing to compromise. "We don't really know what Trump wants other than these blanket statements to 'stop the drugs,’ ” Castañeda said. "Does he want to send in more DEA guys? More military? To go after kingpins again? Or go after shipments of the precursor chemicals coming in from China?" On migration, Sheinbaum has said that northbound migrant caravans were being "dealt with" — Mexican authorities have been breaking up the groups in southern Mexico. Mexico has been detaining more than 5,000 migrants a day, almost 50 percent more than during the final months of her predecessor's term. This year, Mexico has reported more than 1.2 million apprehensions of migrants — a record for Mexico that even tops the total arrests by the U.S. Border Patrol along the U.S.-Mexico border during the same period. Will that be enough to mollify Trump? No one knows. "Both governments are kind of condemned to deal with each other," Castañeda said. "There's not much choice. She can't make Trump go away and he can't make her go away. So they will eventually get along."
(Photo by Skitterphoto via Pexels) By Stephen Beech via SWNS Cleaning surfaces every two hours at airports cuts potentially deadly norovirus infections by 83%, according to a new study. Researchers found that airport restaurants had the highest risk of norovirus transmission . But frequently disinfecting surfaces, mask-wearing and antimicrobial surface coatings at the transport hubs can all help prevent the highly contagious illness - also known as the winter vomiting bug - from spreading, say scientists. Study author Professor Nan Zhang, of the Beijing University of Technology in China, said: "Norovirus causes severe vomiting and diarrhea and is responsible for about 685 million cases and 200,000 deaths each year. "The virus is primarily transmitted through surfaces and outbreaks during air travel are especially common, due to the large number of public surfaces in airports." (PLOS Computational Biology via SWNS) To investigate the risk of norovirus infection from surfaces among passengers in different zones of the airport, the research team collected real touch data from 21.3 hours of video, which captured almost 26,000 touches. They developed a model of surface transmission and simulated the risk of infection from norovirus and the effectiveness of various interventions in different airport areas. Zhang said: "The touch data showed that, without any interventions, restaurants at airports had the highest risk of norovirus transmission, with approximately 4.6 out of 51,494 travelers infected. "Disinfecting public surfaces every two hours reduced the risk of norovirus infection per visit to the airport by 83.2%. "In contrast, handwashing every two hours reduced the risk by only 2%, and mask-wearing 50% of the time reduced risk by 48.0%, because masks stop people from touching their face. CDC "Furthermore, using antimicrobial copper or copper-nickel alloy coatings for most public surfaces lowered the infection risk by 15.9% to 99.2%." He says the study, published in the journal PLOS Computational Biology , provides "crucial" insights for developing infection prevention and control strategies specifically tailored for norovirus within airport environments. Zhang noted that the data for the study was collected during the COVID-19 pandemic , so surface-touching behaviors may have been different from normal. But he said that, overall, the simulated results indicated that public surface disinfection, mask-wearing wearing and the use of antimicrobial surfaces are effective ways of controlling the spread of norovirus via surfaces. Zhang added: "Regular surface infection is much more effective than regular handwashing for blocking norovirus transmission via fomite route in airports."T his is at once a wise and wonderfully enjoyable book. Mark Lilla treats weighty matters with a light touch, in an elegant prose style that crackles with dry wit. Almost every one of the short sections into which the narrative is divided – and there is a narrative, cunningly sustained within what seems a relaxed discursiveness – takes careful aim and at the end hits the bullseye with a sure and satisfying aphoristic thwock . The central premise of the book is simply stated: “How is it that we are creatures who want to know and not to know?” Lilla, professor of humanities at Columbia University, New York, and the author of a handful of masterly studies of the terrain where political and intellectual sensibilities collide, is an acute observer of the vagaries of human behaviour and thought in general, and of our tendency to self-delusion in particular. He has a genius for the telling epigraph, of which there are many here, set like jewels throughout the text. The first of these, and the most emblematic, is taken from George Eliot’s novel Daniel Deronda : “It is a common sentence that knowledge is power; but who hath duly considered or set forth the power of ignorance?” This latter form of power, he tells us, is the subject he means to address. His book is certainly timely. As he notes, there are certain epochs, and surely we are slap bang in the middle of one, when “evident truth” is cast aside in favour of all manner of imbecile imaginings. “Mesmerised crowds still follow preposterous prophets, irrational rumours trigger fanatical acts, and magical thinking crowds out common sense and expertise.” There, encapsulated in a sentence, is the predicament we face in our present-day social and political lives. At the outset he presents a subtle retelling of Plato’s allegory of the cave . In his telling, a man and a boy are set free from the shadowed chamber and led up into the light. Soon, however, the boy is begging to return to the realm of happy delusion. “I miss my playmates,” he says tearfully. “Even if they were just pixels on a screen.” From the cave, Lilla makes a smooth ascent to the case of Oedipus, the most famous exemplar of the will to ignorance. As he notes, today Oedipus the King “seems less about fate and prophecy than about the vexed problem of self-knowledge”. And Oedipus is not alone in his state of willed blindness. What about Jocasta ? “While sharing her son’s bed all those years, wouldn’t she have noticed his disfigured feet, an unmistakable sign of his identity?” And why stop with the royal couple? Maybe they were all in on it, all of Thebes, and beyond, all “caught between the will to know and the will not to know”. It is remarkable how many instances Lilla finds of the wriggly measures humankind adopts in order not to look the facts in the face, from the Bible – that vast compendium of elaborate avoidances – through Augustine , and the giants of the Enlightenment, to the enraptured messianism of the twin mid-20th-century ideologies of fascism and communism. At the heart of the book is an invigorating excursus on St Paul, the founding father of the most consequential and, some would contend, most pernicious religious cult the world has known. Lilla knows his man: “It is no exaggeration to say that the history of western populism – spiritual and political – began with Paul.” He is “the cultured despiser of culture”, “a learned fanatic of the highest order”, who “held up as spiritual models innocent children, uneducated workmen, and lambs with vacant eyes, forever enshrining reverse snobbery as a Christian virtue”. If the next resident at 1600 Pennsylvania Avenue is in need of a patron saint, surely Paul is the one: “For it is written, I will destroy the wisdom of the wise, and will bring to nothing the understanding of the prudent ... If any man among you seems to be wise in this world, let him become a fool, that he may be wise.” Sign up to Observed Analysis and opinion on the week's news and culture brought to you by the best Observer writers after newsletter promotion And one more quote, not to be resisted for the tenor of its measured contempt: “Paul made possible the transformation of the Gospels’ beautiful moral ideal into an anti-intellectual ideology that was enshrined permanently in the Christian scriptures and has since passed into our secular societies. That ideology has attracted a certain sort of mind ever since – one with a death wish.” As Nietzsche put it: “There was only one Christian, and he died on the cross.” Ignorance and Bliss is a splendidly invigorating antidote to the vapid nostrums and mindless pieties – from right and left – that swirl about us in a poisoned fog. These are parlous times, and we need the likes of Lilla to help us face, and face down, the massed cohorts of “holy fools and eternal children whose distaste for the present sends them rushing, vainly, to restore an imagined past”. Ignorance and Bliss: On Wanting Not to Know by Mark Lilla is published on 12 December by C Hurst & Co (£18.99). To support the Guardian and the Observer order your copy at guardianbookshop.com . Delivery charges may apply
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