Xcel Energy Inc. Declares Quarterly Dividend of $0.57 (NASDAQ:XEL)

Xcel Energy Inc. (NASDAQ:XEL) announced a quarterly dividend on Wednesday, December 17th. Investors of record on Monday, December 29th will be paid a dividend of 0.57 per share on Tuesday, January 20th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, December 29th.

Xcel Energy has raised its dividend payment by an average of 0.0%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 55.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Xcel Energy to earn $4.14 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 55.1%.

Xcel Energy Trading Up 0.3%

Xcel Energy stock traded up $0.19 during mid-day trading on Thursday, hitting $73.33. 234,059 shares of the stock were exchanged, compared to its average volume of 4,076,096. Xcel Energy has a 12 month low of $62.58 and a 12 month high of $83.01. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.51. The firm’s fifty day simple moving average is $79.58 and its two-hundred day simple moving average is $74.55. The stock has a market capitalization of $43.37 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 2.18 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the business posted $1.25 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. Analysts forecast that Xcel Energy will post 3.82 EPS for the current year.

Xcel Energy Company Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.