MINNEAPOLIS--(BUSINESS WIRE)--
The Xcel Energy Inc. (NYSE: XEL) board of directors today raised the
quarterly dividend on the company's common stock from 23.75 cents per
share to 24.50 cents per share, which is equivalent to an annual rate of
98 cents per share. Based on Xcel Energy's closing price on May 19, this
would result in a dividend yield of 5.5 percent. The board declared the
second quarter common stock dividend payable July 20, 2009, to
shareholders of record on June 25, 2009.
"The board recognizes the importance of the dividend to our
shareholders. The increase in the dividend is consistent with our goal
of growing the dividend 2-4 percent annually," said Richard C. Kelly,
chairman, president and CEO.
The board declared regular quarterly dividends on all series of
outstanding preferred stock, which are payable on July 15, 2009 to
shareholders of record on June 25, 2009.
Series of Cumulative Dividend
Preferred Stock Per Share
$3.60 $0.90
$4.08 $1.02
$4.10 $1.025
$4.11 $1.0275
$4.16 $1.04
$4.56 $1.14
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 3.3
million electricity customers and 1.8 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.
Except for the historical statements contained in this release, the
matters discussed herein, including our 2009 full year EPS guidance and
assumptions, are forward-looking statements that are subject to certain
risks, uncertainties and assumptions. Such forward-looking statements
are intended to be identified in this document by the words
"anticipate," "believe," "estimate," "expect," "intend," "may,"
"objective," "outlook," "plan," "project," "possible," "potential,"
"should" and similar expressions. Actual results may vary materially.
Forward-looking statements speak only as of the date they are made, and
we do not undertake any obligation to update them to reflect changes
that occur after that date. Factors that could cause actual results to
differ materially include, but are not limited to: general economic
conditions, including the availability of credit and its impact on
capital expenditures and the ability of Xcel Energy and its subsidiaries
to obtain financing on favorable terms; business conditions in the
energy industry; actions of credit rating agencies; competitive factors,
including the extent and timing of the entry of additional competition
in the markets served by Xcel Energy and its subsidiaries; unusual
weather; effects of geopolitical events, including war and acts of
terrorism; state, federal and foreign legislative and regulatory
initiatives that affect cost and investment recovery, have an impact on
rates or have an impact on asset operation or ownership; structures that
affect the speed and degree to which competition enters the electric and
natural gas markets; costs and other effects of legal and administrative
proceedings, settlements, investigations and claims; actions of
accounting regulatory bodies; and the other risk factors listed from
time to time by Xcel Energy in reports filed with the Securities and
Exchange Commission (SEC), including Risk Factors in Item 1A and Exhibit
99.01 of Xcel Energy's Annual Report on Form 10-K for the year ended
Dec. 31, 2008.
Source: Xcel Energy Inc.
Contact: Xcel Energy, Minneapolis
Shareholder Services
Tara Heine, 612-215-5391
or
Investor Relations
Paul Johnson, 612-215-4535
or
Xcel Energy Media Relations Representatives, 612-215-5300