Current Yield
2.92%
TTM Dividend/Share
$2.33
Payment Frequency
Quarterly
Payout Ratio
66.4%
Consecutive Growth Years
2
Key takeaways
- Xcel Energy (XEL) has raised its dividend for 2 consecutive years.
- Xcel Energy (XEL) currently yields 2.92%, paying $2.33 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 66.4% — the share of earnings distributed as dividends.
- 2 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 10.45% (growth is accelerating).
Dividend yield valuation for Xcel Energy (XEL)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Near average — fair value |
Current yield (now) | 2.92% |
1-year average yield | 2.96%now 0.04 pp below |
3-year average yield | 3.08%now 0.16 pp below |
5-year average yield | 2.89%now 0.03 pp above |
XEL: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Xcel Energy (XEL)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 13.4% |
FCF payout ratio | 133.1% |
Net debt / EBITDA | 6.0x |
Interest coverage | 2.09x |
ROIC (TTM) | 6.3% |
Dividend safety score for Xcel Energy (XEL)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
2 of 8 checks passed
Payout ratio below 75%
Payout ratio is 66.4%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $-5.2B — FCF does not fully cover the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 2 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 133.1%, above the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 6.0x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (10.5%) exceeds EPS growth (-5.1%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
166 payments from 1973 to 2026 · Adj. Dividend is split-adjusted
| Jun 15, 2026 | Jul 20, 2026 | $0.5925 | $0.5925 |
| Mar 13, 2026 | Apr 20, 2026 | $0.5925 | $0.5925 |
| Dec 29, 2025 | Jan 20, 2026 | $0.5700 | $0.5700 |
| Sep 15, 2025 | Oct 20, 2025 | $0.5700 | $0.5700 |
| Jun 13, 2025 | Jul 20, 2025 | $0.5700 | $0.5700 |
| Mar 14, 2025 | Apr 20, 2025 | $0.5700 | $0.5700 |
| Jan 6, 2025 | Jan 20, 2025 | $0.5475 | $0.5475 |
| Sep 13, 2024 | Oct 20, 2024 | $0.5475 | $0.5475 |
| Jun 14, 2024 | Jul 20, 2024 | $0.5475 | $0.5475 |
| Mar 14, 2024 | Apr 20, 2024 | $0.5475 | $0.5475 |
| Dec 27, 2023 | Jan 20, 2024 | $0.5200 | $0.5200 |
| Sep 14, 2023 | Oct 20, 2023 | $0.5200 | $0.5200 |
- Jun 15, 2026$0.5925
- Mar 13, 2026$0.5925
- Dec 29, 2025$0.5700
- Sep 15, 2025$0.5700
- Jun 13, 2025$0.5700
- Mar 14, 2025$0.5700
- Jan 6, 2025$0.5475
- Sep 13, 2024$0.5475
- Jun 14, 2024$0.5475
- Mar 14, 2024$0.5475
- Dec 27, 2023$0.5200
- Sep 14, 2023$0.5200
Historical dividend yield for Xcel Energy (XEL)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 2.96%5Y: 2.89%10Y: 2.84%
Dividend per share for Xcel Energy (XEL)
CAGR (per year)1Y: 72.15%5Y: 10.45%10Y: 8.25%↑ Accelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1973 | $0.11 | 1 |
| 1985 | $0.44 | 2 |
| 1986 | $0.93 | 4 |
| 1987 | $0.99 | 4 |
| 1988 | $1.05 | 4 |
| 1989 | $1.10 | 4 |
| 1990 | $1.15 | 4 |
| 1991 | $1.20 | 4 |
| 1992 | $1.25 | 4 |
| 1993 | $1.28 | 4 |
| 1994 | $1.31 | 4 |
| 1995 | $1.34 | 4 |
| 1996 | $1.37 | 4 |
| 1997 | $1.40 | 4 |
| 1998 | $1.43 | 4 |
| 1999 | $1.45 | 4 |
| 2000 | $1.48 | 5 |
| 2001 | $1.50 | 4 |
| 2002 | $1.13 | 4 |
| 2003 | $0.75 | 4 |
| 2004 | $0.81 | 4 |
| 2005 | $0.85 | 4 |
| 2006 | $0.88 | 4 |
| 2007 | $0.91 | 4 |
| 2008 | $0.94 | 4 |
| 2009 | $0.97 | 4 |
| 2010 | $1.00 | 4 |
| 2011 | $1.03 | 4 |
| 2012 | $1.07 | 4 |
| 2013 | $1.11 | 4 |
| 2014 | $1.20 | 4 |
| 2015 | $1.28 | 4 |
| 2016 | $1.36 | 4 |
| 2017 | $1.44 | 4 |
| 2018 | $1.52 | 4 |
| 2019 | $1.62 | 4 |
| 2020 | $1.72 | 4 |
| 2021 | $1.83 | 4 |
| 2022 | $1.95 | 4 |
| 2023 | $2.08 | 4 |
| 2024 | $1.64 | 3 |
| 2025 | $2.83 | 5 |
| 2026 | $1.19 | 2 |
Dividend growth for Xcel Energy (XEL)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $2.8275 | — | — |
| 2025 | $1.6425 | $2.8275 | +72.1% |
| 2024 | $2.0800 | $1.6425 | -21.0% |
| 2023 | $1.9500 | $2.0800 | +6.7% |
| 2022 | $1.8300 | $1.9500 | +6.6% |
| 2021 | $1.7200 | $1.8300 | +6.4% |
| 2020 | $1.6200 | $1.7200 | +6.2% |
| 2019 | $1.5200 | $1.6200 | +6.6% |
| 2018 | $1.4400 | $1.5200 | +5.6% |
| 2017 | $1.3600 | $1.4400 | +5.9% |
| 2016 | $1.2800 | $1.3600 | +6.3% |
| 2015 | $1.2000 | $1.2800 | +6.7% |
| 2014 | $1.1100 | $1.2000 | +8.1% |
| 2013 | $1.0700 | $1.1100 | +3.7% |
| 2012 | $1.0325 | $1.0700 | +3.6% |
| 2011 | $1.0025 | $1.0325 | +3.0% |
| 2010 | $0.9725 | $1.0025 | +3.1% |
| 2009 | $0.9425 | $0.9725 | +3.2% |
| 2008 | $0.9125 | $0.9425 | +3.3% |
| 2007 | $0.8825 | $0.9125 | +3.4% |
| 2006 | $0.8525 | $0.8825 | +3.5% |
| 2005 | $0.8100 | $0.8525 | +5.2% |
| 2004 | $0.7500 | $0.8100 | +8.0% |
| 2003 | $1.1250 | $0.7500 | -33.3% |
| 2002 | $1.5000 | $1.1250 | -25.0% |
| 2001 | $1.4818 | $1.5000 | +1.2% |
| 2000 | $1.4450 | $1.4818 | +2.5% |
| 1999 | $1.4250 | $1.4450 | +1.4% |
| 1998 | $1.4025 | $1.4250 | +1.6% |
| 1997 | $1.3725 | $1.4025 | +2.2% |
| 1996 | $1.3425 | $1.3725 | +2.2% |
| 1995 | $1.3125 | $1.3425 | +2.3% |
| 1994 | $1.2825 | $1.3125 | +2.3% |
| 1993 | $1.2475 | $1.2825 | +2.8% |
| 1992 | $1.1975 | $1.2475 | +4.2% |
| 1991 | $1.1475 | $1.1975 | +4.4% |
| 1990 | $1.0975 | $1.1475 | +4.6% |
| 1989 | $1.0475 | $1.0975 | +4.8% |
| 1988 | $0.9950 | $1.0475 | +5.3% |
| 1987 | $0.9325 | $0.9950 | +6.7% |
| 1986 | — | $0.9325 | — |
- 2026—
- 2025$2.8275
- 2024$1.6425
- 2023$2.0800
- 2022$1.9500
- 2021$1.8300
- 2020$1.7200
- 2019$1.6200
- 2018$1.5200
- 2017$1.4400
- 2016$1.3600
- 2015$1.2800
- 2014$1.2000
- 2013$1.1100
- 2012$1.0700
- 2011$1.0325
- 2010$1.0025
- 2009$0.9725
- 2008$0.9425
- 2007$0.9125
- 2006$0.8825
- 2005$0.8525
- 2004$0.8100
- 2003$0.7500
- 2002$1.1250
- 2001$1.5000
- 2000$1.4818
- 1999$1.4450
- 1998$1.4250
- 1997$1.4025
- 1996$1.3725
- 1995$1.3425
- 1994$1.3125
- 1993$1.2825
- 1992$1.2475
- 1991$1.1975
- 1990$1.1475
- 1989$1.0975
- 1988$1.0475
- 1987$0.9950
- 1986$0.9325
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
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