Xcel Energy Inc. (NASDAQ:XEL – Get Free Report) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.5925 per share on Tuesday, October 20th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th.
Xcel Energy has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 22 years. Xcel Energy has a payout ratio of 57.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Xcel Energy to earn $4.51 per share next year, which means the company should continue to be able to cover its $2.37 annual dividend with an expected future payout ratio of 52.5%.
Xcel Energy Trading Up 0.1%
Shares of XEL opened at $75.50 on Friday. Xcel Energy has a 12-month low of $71.35 and a 12-month high of $84.23. The firm has a market capitalization of $47.16 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.55 and a beta of 0.39. The firm has a 50-day moving average price of $78.22 and a 200 day moving average price of $79.48. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49.
About Xcel Energy
Xcel Energy Inc is a Minneapolis-based electric and natural gas utility holding company that serves customers across parts of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Through its operating companies, Xcel provides electricity generation, transmission and distribution, as well as natural gas distribution and related energy services.
The company operates a diversified generating fleet that includes wind, solar, hydroelectric, nuclear, natural gas and other resources.
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