Xcel Energy (XEL) Board Increases Common Dividend 3.3%
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The Xcel Energy Inc. (NYSE: XEL) board raised the quarterly dividend on the company's common stock from 23 cents per share to 23.75 cents per share, which is equivalent to an annual rate of 95 cents per share. Based on Xcel Energy's closing price on May 20, this would result in a dividend yield of 4.4 percent.
The board declared the second quarter common stock dividend payable July 20, 2008, to shareholders of record on June 26, 2008.
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XEL
gdbrown16s on Jul 20, 2008 09:48 AMXcel is currently the #1 (largest) wind producer (in terms of sales) in America. They are or have already invested billions of dollars into plant technology upgrades to make their power plants some of the cleanest electricity generating plants in the world. They are the world front runner with initiating the smart grid technology in Boulder, CO. This is why I predict that electric utilities, especially Xcel, are such fantastic energy related buying opportunities and they will produce large returns on investment because: Electric sales will increase dramatically with the all electric vehicles that will be produced and sold within a year or two. Looking at the near & long term energy future of America, electricity will be the primary and most cost effective energy of choice. Electric utilitiy stock prices are currently undervalued in price and are excellent investments buys. I especially like XEL because of their green power leadership initiatives, large capital equipment investments and upgrades and because of their highly reduced carbon footprint. Because of their leadership in this areas, Xcel will provide above average returns and increased stock price value. I believe this stock will be worth $27.20 - $29.65 between the 3Q-2009 to 2Q-2010, yielding 9.8% - 13.9% total rate of return (dividend payment, yearly dividend increase + stock price increase).