Xcel Energy (XEL) Raises Quarterly Dividend 6.7% to $0.52; 3.1% Yield

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Xcel Energy Inc. Board Increases 2023 Common Dividend 6.7%, Declares Dividend on Common Stock

February 22, 2023 7:40 PM EST

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) today raised the quarterly dividend on the companys common stock from 48.75 cents per share to 52 cents per share, which is equivalent to an annual rate of $2.08 per share. The dividends are payable April 20, 2023, to shareholders of record on March 15, 2023.

Since increasing our dividend growth objective in 2015 to 5-7 percent annually, we have... More