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MINNEAPOLIS - Xcel Energy Inc. (NASDAQ:XEL), a leading utility company with a market capitalization of $40.19 billion, announced a dividend increase from 54.75 cents to 57 cents per share, marking a 4.1% rise. This change, effective for the dividend payable on April 20, 2025, to shareholders of record as of March 14, 2025, represents an annual rate of $2.28 per share, yielding 3.11%. The decision underscores the company’s confidence in its long-term growth strategy, backed by consistent operational performance and financial stability. According to InvestingPro data, the stock trades with notably low price volatility, making it an attractive option for stability-focused investors.
This latest increase continues Xcel Energy’s impressive 54-year streak of dividend payments, reinforcing its commitment to shareholder returns. InvestingPro analysis reveals the company has maintained a stable financial health score of "FAIR" while generating $13.44 billion in revenue over the last twelve months. The Minneapolis-based company operates in eight Western and Midwestern states, serving approximately 3.9 million electricity customers and 2.2 million natural gas customers.
Bob Frenzel, chairman, president, and CEO of Xcel Energy, attributed the dividend hike to the company’s sustained operational excellence and robust financial health. Xcel Energy’s strategic initiatives and strong market position have consistently supported its dividend policy, reflecting the board’s positive outlook on the company’s future performance.
The utility provider’s forward-looking statements, including those about its business prospects, are subject to various risks and uncertainties that could cause actual results to differ from expectations. These potential risks are detailed in the company’s annual report and other official filings.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities. The information is based on a press release statement and is intended for current and potential investors to understand the company’s dividend policy and financial practices.
In other recent news, Xcel Energy Inc. reported mixed fourth-quarter results, with earnings falling short of analyst expectations. The company posted an adjusted earnings per share of $0.81, missing the consensus estimate of $0.89, while revenue for the quarter was $3.12 billion, significantly below the anticipated $3.77 billion. Despite these results, Xcel Energy reaffirmed its 2025 earnings per share guidance range of $3.75 to $3.85, closely aligning with the current analyst consensus. Additionally, Xcel Energy received approval from the Minnesota Public Utilities Commission for its resource plan, which includes significant expansions in renewable energy and storage capacity. The plan outlines the addition of a 420 MW combustion turbine and a 300 MW battery energy storage system, along with 3,200 MW of wind, 400 MW of solar, and 600 MW of stand-alone storage by 2030. This expansion is part of a broader strategy to utilize the Minnesota Energy Connection transmission line. Furthermore, life extensions for the Prairie Island and Monticello nuclear plants have been approved into the early 2050s, alongside extensions for the Red Wing and Mankato refuse-derived fuel plants until 2037. These developments reflect Xcel Energy’s ongoing commitment to sustainable energy generation and management.
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