Xcel Energy (XEL) Raises Quarterly Dividend 6.3% to $0.34; 3.5% Yield

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Go back to Xcel Energy (XEL) Raises Quarterly Dividend 6.3% to $0.34; 3.5% Yield

Xcel Energy Inc. Board Increases 2016 Common Dividend 6.3 Percent, Declares Dividend on Common Stock

February 17, 2016 2:57 PM EST

MINNEAPOLIS--(BUSINESS WIRE)-- The Xcel Energy Inc. (NYSE: XEL) board of directors today raised the quarterly dividend on the companys common stock from 32 cents per share to 34 cents per share, which is equivalent to an annual rate of $1.36 per share. The Board declared the first quarter common stock dividend payable April 20, 2016, to shareholders of record on March 15, 2016.

Our goal is to provide an attractive total return to our investors, which reflects our objectives of increasing our dividend 5-7 percent and growing earnings 4-6 percent annually. We are pleased to increase our dividend by... More