The Board of Directors of Xcel Energy has raised the quarterly dividend on the company’s common stock from 57 cents per share to 59.25 cents per share, which is equivalent to an annual rate of $2.37 per share. The dividends are payable April 20, 2026, to shareholders of record on March 13, 2026.

“Xcel Energy is rewarding its shareholders with higher dividends for the twenty third consecutive year. Bob Frenzel, Chairman, President and CEO of Xcel said. “We are committed to providing predictable and sustainable dividend growth, continuing to target annual dividend increases of 4-6 percent and a payout ratio of 45-55 percent.”