Xcel Energy Inc. Board Declares Dividend on Common Stock

Rhea-AI Summary

The Board of Directors of Xcel Energy (NASDAQ: XEL) has declared a quarterly dividend of 54.75 cents per share on its common stock.

The dividend will be payable on July 20, 2024, to shareholders of record as of June 14, 2024.

Xcel Energy operates in 8 Western and Midwestern states, serving 3.8 million electricity customers and 2.2 million natural gas customers through its regulated operating companies.

Xcel Energy's headquarters are in Minneapolis.

Positive

• Quarterly dividend of 54.75 cents per share declared, indicating financial stability.
• Dividend payable on July 20, 2024, demonstrating commitment to returning value to shareholders.
• Operations in 8 Western and Midwestern states, indicating a broad customer base.
• Serving 3.8 million electricity customers and 2.2 million natural gas customers, showcasing a significant market presence.

Negative

• No new business developments or growth initiatives mentioned.
• Dividend amount unchanged from the previous quarter, indicating no increase in shareholder returns.
• No information on future financial outlook or strategic plans.

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) today declared a quarterly dividend on its common stock of 54.75 cents per share. The dividends are payable July 20, 2024, to shareholders of record on June 14, 2024.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240522426553/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

Source: Xcel Energy

FAQ

What is the dividend amount declared by Xcel Energy in 2024?

Xcel Energy has declared a quarterly dividend of 54.75 cents per share on its common stock for 2024.

When will Xcel Energy's dividend be payable?

The dividend will be payable on July 20, 2024.

What is the record date for Xcel Energy's dividend in 2024?

The record date for the dividend is June 14, 2024.

How many customers does Xcel Energy serve?

Xcel Energy serves 3.8 million electricity customers and 2.2 million natural gas customers.

In which states does Xcel Energy operate?

Xcel Energy operates in 8 Western and Midwestern states.