Xcel Energy Inc. (NASDAQ:XEL) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 0.43 per share is scheduled to be paid on October 20, 2020. The dividend yield based on the latest trading day closing price was 2.49 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Xcel Energy Inc. recently reported second quarter financial results on July 30, 2020, before market open, the Minneapolis based company posted income for the second quarter of $ 0.54 per share, from the revenue of $ 2,586.00 million. The quarterly earnings elevated 17.39 percent while revenues escalated 0.35 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.48 per share from $ 2655.65 million in revenue. The bottom line results beat street analysts by $ 0.06 or 12.50 percent, at the same time, top line results fell short of analysts by $ 69.65 million or 2.62 percent.
Stock Performance
Shares of Xcel Energy Inc. traded low $ -1.46 or -2.07 percent on Thursday, reaching $ 69.13 with volume of 2.10 million shares. Xcel Energy Inc. has traded high as $ 70.67 and has cracked $ 69.05 on the downward trend
According to the previous trading day, closing price of $ 69.13, representing a 51.55 % increase from the 52 week low of $ 46.58 and a 3.3 % decrease over the 52 week high of $ 73.00.
The company has a market capital of $ 36.32 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Xcel Energy Inc., through its subsidiaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.
