Xcel Energy Inc. Board Increases 2024 Common Dividend 5.3%, Declares Dividend on Common Stock
21 Fevereiro 2024 - 2:06PM
Business Wire
The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) today
raised the quarterly dividend on the company’s common stock from 52
cents per share to 54.75 cents per share, which is equivalent to an
annual rate of $2.19 per share. The dividends are payable April 20,
2024, to shareholders of record on March 15, 2024.
“Today’s dividend increase of 5.3% marks the twenty first
consecutive year that Xcel Energy has increased its dividend. It
signals the strength of our business and our recognition of the
importance of dividend growth to our shareholders,” said Bob
Frenzel, chairman, president and CEO of Xcel Energy.
“In addition, we have established a long-term dividend payout
ratio target of 50-60 percent. Our dividend growth and earnings per
share growth objectives remain 5-7 percent annually,” said
Frenzel.
Xcel Energy is a major U.S. electricity and natural gas company,
with operations in 8 Western and Midwestern states. Xcel Energy
provides a comprehensive portfolio of energy-related products and
services to 3.8 million electricity customers and 2.2 million
natural gas customers through its regulated operating companies.
Company headquarters are located in Minneapolis. More information
is available at www.xcelenergy.com.
This information is not given in connection with any sale or
offer for sale or offer to buy any securities.
Statements in this press release regarding Xcel Energy’s
business which are not historical facts are “forward-looking
statements” that involve risks and uncertainties. For a discussion
of such risks and uncertainties, which could cause actual results
to differ from those contained in the forward-looking statements,
see “Risk Factors” in the Company's Annual Report on Form 10-K for
the most recently ended fiscal year.
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version on businesswire.com: https://www.businesswire.com/news/home/20240221147052/en/
Xcel Energy, Minneapolis Shareholder Services Darin Norman (612)
337-2310 or Paul Johnson, Vice President, Treasurer & Investor
Relations (612) 215-4535 or Xcel Energy Media Relations
Representatives (612) 215-5300
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