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

Xcel Energy Inc. (NASDAQ:XEL) announced 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 dividend yield of 3.0%. The ex-dividend date 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 dividend payout ratio of 57.4% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 0.4%

Shares of NASDAQ XEL opened at $80.20 on Friday. Xcel Energy has a 12-month low of $65.21 and a 12-month high of $84.23. The company has a market capitalization of $50.07 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 2.07 and a beta of 0.41. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. The firm’s 50-day moving average is $79.90 and its two-hundred day moving average is $78.62.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts anticipate 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.