Xcel Energy Inc. to Issue Quarterly Dividend of $0.59 (NASDAQ:XEL)

Xcel Energy Inc. (NASDAQ:XELGet Free Report) announced a quarterly dividend on Wednesday, July 29th. Investors 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 yield of 3.0%. The ex-dividend date 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 $4.50 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 52.7%.

Xcel Energy Trading Down 2.0%

Xcel Energy stock opened at $78.75 on Thursday. The stock has a 50-day simple moving average of $79.64 and a 200 day simple moving average of $79.42. The stock has a market capitalization of $49.16 billion, a P/E ratio of 22.69, a PEG ratio of 2.09 and a beta of 0.39. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. Xcel Energy has a 52 week low of $69.16 and a 52 week high of $84.23.

Xcel Energy (NASDAQ:XELGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.54 billion. Analysts expect that Xcel Energy will post 4.11 earnings per share for the current year.

About Xcel Energy

(Get Free Report)

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.

See Also

Dividend History for Xcel Energy (NASDAQ:XEL)

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