Xcel Energy Boosts Dividend 3.7%

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Xcel Energy (NYSE: XEL  ) announced today that it is increasing its quarterly dividend by 3.7% to $0.28 per share.

"A growing dividend contributes to the total return opportunity we offer investors," said Chairman, President, and CEO Ben Fowke in a statement. "Our objective is to grow the dividend 2-4 percent annually, and this year we are pleased to announce that we have increased the dividend 3.7 percent."

Xcel Energy has steadily increased its dividend over the last five years (and before), but an even steeper rise in share prices has pushed its overall yield down from 5.5% in 2009 to 3.5% today.

XEL Dividend Chart

XEL Dividend data by YCharts.


The newly improved dividend will be payable July 20 to shareholders of record on June 20.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2445667, ~/Articles/ArticleHandler.aspx, 9/25/2016 8:39:01 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:00 PM
XEL $43.07 Up +0.17 +0.40%
Xcel Energy CAPS Rating: ****