Xcel Energy Maintains Dividend Payout Ratio Of Over 60%

Xcel Energy Inc. XEL said its board has declared a quarterly dividend on its common stock of $0.34 per share. That meant it maintained a dividend payout ratio of more than 60 percent at 62.0 percent, which was slightly higher than the five-year average dividend payout ratio of 61.0 percent.

Xcel Energy said the dividends would be payable by July 20, 2016 to its shareholders. The company has also fixed June 16 as the record date for determining the shareholders' name.

The latest dividend offered a yield of 3.30 percent, which was lower than the five-year average dividend yield of 3.6 percent. The company has been boosting its dividend rate for 12 straight years.