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DIVIDENDS: JUNE ANNOUNCEMENT

XCEL ENERGY BOARD DECLARES DIVIDEND ON COMMON STOCK
The Board of Directors of Xcel has declared a quarterly dividend on its common stock of 48.75 cents per share. The dividends are payable July 20, 2022, to shareholders of record on June 15, 2022.

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 3.7 million electricity customers and 2.1 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis.

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EARNINGS | DIVIDENDS

WEC ENERGY GROUP RAISES QUARTERLY DIVIDEND BY 7.4 PERCENT
The Board of Directors of WEC Energy Group declared a quarterly cash dividend of 72.75 cents per share on the company's common stock, an increase of 7.4 percent over the current quarterly dividend of 67.75 cents per share. This raises the annual dividend rate to $2.91 per share. The higher dividend was paid on March 1, 2022, to stockholders of record on February 14, 2022. This marks the 318th consecutive quarter, dating back to 1942, that the company will have paid a dividend to its stockholders.

WEC ENERGY GROUP POSTS 2021 RESULTS
WEC Energy Group has reported net income of $1.3 billion, or $4.11 per share, for 2021. This compares to earnings of $1.2 billion, or $3.79 per share, for 2020 — a year-over-year increase of 8.4 percent. For the fourth quarter of 2021, WEC Energy Group recorded net income of $224.2 million, or 71 cents per share. This compares to earnings of $239 million, or 76 cents per share, for the fourth quarter of 2020. Consolidated revenues totaled $8.3 billion for 2021, up $1.1 billion compared to 2020 revenues.

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EARNINGS | DIVIDENDS

XCEL ENERGY THIRD-QUARTER 2021 EARNINGS REPORTED
Xcel Energy has reported 2021 third-quarter GAAP and ongoing earnings of $609 million, or $1.13 per share, compared with $603 million, or $1.14 per share, in the same period in 2020. Earnings reflect higher electric and natural gas margins and lower operating and maintenance (O&M) expenses, which were offset by additional depreciation and lower allowance for funds used during construction.

Xcel Energy posted strong year-to-date results, and is narrowing its 2021 earnings guidance to $2.94 to $2.98 per share. It is also issuing an updated capital forecast of $26 billion for 2022 to 2026, which will provide significant benefits to customers, help the company achieve its system goals by 2050, and drive rate base growth of 6.5 percent. In addition, the company is initiating 2022 earnings guidance of $3.10 to $3.20 per share, which is consistent with long-term growth objectives.

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XCEL ENERGY BOARD INCREASES 2021 COMMON DIVIDEND BY 6.4 PERCENT

The Board of Directors of Xcel Energy has raised the quarterly dividend on the company’s common stock from 43 cents per share to 45.75 cents per share, which is equivalent to an annual rate of $1.83 per share. The dividends are payable April 20, 2021, to shareholders of record on March 15, 2021.
“We are increasing our dividend 6.4 percent, which is consistent with our objective of growing the dividend 5-7 percent annually. The dividend increase is evidence of our confidence in our long-term business plan and our commitment to provide shareholders an attractive total return,” according to Ben Fowke, Chairman and CEO of Xcel Energy.