MINNEAPOLIS--(BUSINESS WIRE)--
The Xcel Energy Inc. (NYSE: XEL) board of directors today raised the
quarterly dividend on the company’s common stock from 34 cents per share
to 36 cents per share, which is equivalent to an annual rate of $1.44
per share. The Board declared the first quarter common stock dividend
payable April 20, 2017, to shareholders of record on March 15, 2017.
“Today, we increased our divided 5.9%, which demonstrates the confidence
we have in our business plan and our financial flexibility. We are
committed to generating value for our investors, which reflects our
objective of increasing dividend 5-7% and growing earnings 4-6%
annually,” said Ben Fowke, chairman, president, 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 3.5
million electricity customers and 2.0 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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Xcel Energy, Minneapolis
Shareholder Services
Tara Stoffel,
612-215-5391
or
Paul Johnson, 612-215-4535
Vice
President, Investor Relations
or
Xcel Energy Media Relations
Representatives, 612-215-5300
Source: Xcel Energy Inc.