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

Xcel Energy Inc. (NASDAQ:XEL) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.5925 per share on Monday, July 20th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th.

Xcel Energy has raised its dividend payment by an average of 0.1%per year over the last three years and has increased 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 $4.49 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 52.8%.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $79.86 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. The stock’s fifty day simple moving average is $79.93 and its two-hundred day simple moving average is $78.63. Xcel Energy has a 1-year low of $65.21 and a 1-year high of $84.23. The stock has a market cap of $49.85 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.07 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting the consensus estimate of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the business earned $0.84 EPS. The business’s revenue was up 2.9% on a year-over-year basis. As a group, analysts forecast that Xcel Energy will post 4.11 EPS for the current fiscal year.

Xcel Energy Company Profile

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.