MINNEAPOLIS--(BUSINESS WIRE)--
The Xcel Energy Inc. (NYSE: XEL) board of directors today declared
regular quarterly dividends on all series of outstanding preferred
stock, which are payable on July 15, 2010, to shareholders of record on
June 24, 2010.
|
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
|
The board also raised the quarterly dividend on the company’s common
stock from 24.50 cents per share to 25.25 cents per share, which is
equivalent to an annual rate of $1.01 per share. The board declared the
second quarter common stock dividend payable July 20, 2010, to
shareholders of record on June 24, 2010.
“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 and CEO.
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 3.4
million electricity customers and 1.9 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 2010 full year Earnings per
Share 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, 2009 and quarterly reports on Form 10Q.
Source: Xcel Energy
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