Xcel Energy Inc. (XEL) to Issue Quarterly Dividend of $0.59 on October 20th

Xcel Energy Inc. (NASDAQ:XELGet 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.

Xcel Energy (NASDAQ:XELGet Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the previous year, the business posted $1.59 EPS. Xcel Energy’s revenue was down 5.1% on a year-over-year basis. Sell-side analysts forecast that Xcel Energy will post 4.12 EPS for the current year.

About Xcel Energy

(Get Free Report)

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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Dividend History for Xcel Energy (NASDAQ:XEL)

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