Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects, as well as procures equipment for the construction of renewable generation facilities. It serves residential, commercial, and industrial customers in the portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company sells electricity to approximately 3.7 million customers; and natural gas to approximately 2.1 million customers. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.
Xcel Energy Dividend Announcement
• Xcel Energy announced a quarterly dividend of $0.55 per ordinary share which will be made payable on 2024-07-20. Ex dividend date: 2024-06-14
• Xcel Energy annual dividend for 2024 was $1.09
• Xcel Energy annual dividend for 2023 was $2.08
• Xcel Energy's trailing twelve-month (TTM) dividend yield is 2.32%
• Xcel Energy's payout ratio for the trailing twelve months (TTM) is 61.08%
• Xcel Energy's dividend growth over the last five years (2018-2023) was 6.47% year
• Xcel Energy's dividend growth over the last ten years (2013-2023) was 6.48% year
Xcel Energy Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-14 | $0.55 | quarterly | 2024-07-20 |
2024-03-14 | $0.55 | quarterly | 2024-04-20 |
2023-12-27 | $0.52 | quarterly | 2024-01-20 |
2023-09-14 | $0.52 | quarterly | 2023-10-20 |
2023-06-14 | $0.52 | quarterly | 2023-07-20 |
2023-03-14 | $0.52 | quarterly | 2023-04-20 |
2022-12-28 | $0.49 | quarterly | 2023-01-20 |
2022-09-14 | $0.49 | quarterly | 2022-10-20 |
2022-06-14 | $0.49 | quarterly | 2022-07-20 |
2022-03-14 | $0.49 | quarterly | 2022-04-20 |
2021-12-21 | $0.46 | quarterly | 2022-01-20 |
2021-09-14 | $0.46 | quarterly | 2021-10-20 |
2021-06-14 | $0.46 | quarterly | 2021-07-20 |
2021-03-12 | $0.46 | quarterly | 2021-04-20 |
2020-12-22 | $0.43 | quarterly | 2021-01-20 |
2020-09-14 | $0.43 | quarterly | 2020-10-20 |
2020-06-12 | $0.43 | quarterly | 2020-07-20 |
2020-03-12 | $0.43 | quarterly | 2020-04-20 |
2019-12-24 | $0.41 | quarterly | 2020-01-20 |
2019-09-12 | $0.41 | quarterly | 2019-10-20 |
2019-06-13 | $0.41 | quarterly | 2019-07-20 |
2019-03-14 | $0.41 | quarterly | 2019-04-20 |
2018-12-27 | $0.38 | quarterly | 2019-01-20 |
2018-09-13 | $0.38 | quarterly | 2018-10-20 |
2018-06-14 | $0.38 | quarterly | 2018-07-20 |
2018-03-14 | $0.38 | quarterly | 2018-04-20 |
2017-12-27 | $0.36 | quarterly | 2018-01-20 |
2017-09-14 | $0.36 | quarterly | 2017-10-20 |
2017-06-13 | $0.36 | quarterly | 2017-07-20 |
2017-03-13 | $0.36 | quarterly | 2017-04-20 |
2016-12-22 | $0.34 | quarterly | 2017-01-20 |
2016-09-13 | $0.34 | quarterly | 2016-10-20 |
2016-06-14 | $0.34 | quarterly | 2016-07-20 |
2016-03-11 | $0.34 | quarterly | 2016-04-20 |
2015-12-22 | $0.32 | quarterly | 2016-01-20 |
2015-09-15 | $0.32 | quarterly | 2015-10-20 |
2015-06-16 | $0.32 | quarterly | 2015-07-20 |
2015-03-13 | $0.32 | quarterly | 2015-04-20 |
2014-12-23 | $0.30 | quarterly | 2015-01-20 |
2014-09-16 | $0.30 | quarterly | 2014-10-20 |
2014-06-17 | $0.30 | quarterly | 2014-07-20 |
2014-03-18 | $0.30 | quarterly | 2014-04-20 |
2013-12-24 | $0.28 | quarterly | 2014-01-20 |
2013-09-17 | $0.28 | quarterly | 2013-10-20 |
2013-06-18 | $0.28 | quarterly | 2013-07-20 |
2013-03-19 | $0.27 | quarterly | 2013-04-20 |
Xcel Energy Dividend per year
Xcel Energy Dividend growth
Xcel Energy Dividend Yield
Xcel Energy current trailing twelve-month (TTM) dividend yield is 2.32%. Interested in purchasing Xcel Energy stock? Use our calculator to estimate your expected dividend yield:
Xcel Energy Financial Ratios
Xcel Energy Dividend FAQ
Other factors to consider when evaluating Xcel Energy as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Xcel Energy's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Xcel Energy publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Xcel Energy distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Xcel Energy are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Xcel Energy sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Xcel Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Xcel Energy declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Xcel Energy's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Xcel Energy's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.