Key Highlights

• Xcel Energy's $0.5925 quarterly Dividend trades ex-date September 15, 2026, payable October 20, yielding approximately 3.14%.

• The dividend has grown from $0.52 in 2023 to $0.5925 in 2026, consistent with management's stated 4-6% annual growth policy.

• Second-quarter GAAP and ongoing Earnings both rose to $0.93 per diluted share from $0.75 a year earlier, a 24% increase.

• Management reaffirmed full-year 2026 ongoing EPS guidance of $4.04-$4.16 and targets a 45-55% dividend payout ratio.

Xcel Energy's (NASDAQ:XEL) $0.5925 quarterly dividend trades ex-date September 15, payable October 20. GAAP earnings rose to $586 million, or $0.93 per diluted share, from $444 million and $0.75 a year earlier, which the company attributed to greater recovery of electric infrastructure Investment and lower fuel expense, partially offset by higher interest charges.

Dividend Program and Shareholder Returns

Xcel Energy declared a $0.5925 per share quarterly dividend, payable October 20 to shareholders of record September 15. The annualized dividend is $2.37 per share, up from $2.28 in 2025. The rate has grown from $0.52 in 2023 to $0.5925 in 2026, consistent with management's stated objective of 4-6% annual dividend growth within a targeted 45-55% payout ratio.

About the Company

Xcel Energy is a regulated electric and natural-gas Utility serving customers across the Midwest and Mountain West, with businesses spanning power generation, transmission, electricity distribution and natural-gas distribution.

Financial Performance Behind the Payout

Xcel Energy reported second-quarter GAAP earnings of $586 million, or $0.93 per diluted share, up from $444 million, or $0.75 per share, a year earlier. Ongoing earnings were also $589 million, or $0.93 per share. Total operating revenues were $3.119 billion, down from $3.287 billion a year earlier, as lower fuel and purchased-power costs were largely passed through to customers. Year-to-date diluted GAAP EPS was $1.82, up from $1.59, while ongoing EPS was $1.84. Management attributed the earnings increase to greater recovery of electric infrastructure investment and lower fuel expense, partially offset by higher interest charges, and reaffirmed full-year 2026 ongoing EPS guidance of $4.04-$4.16.

Outlook

Regulatory outcomes on rate recovery, the pace of financing costs against continued infrastructure investment, and progress toward the reaffirmed $4.04-$4.16 full-year EPS guidance range are the items management has cited as relevant to track.