Xcel Energy (XEL) Dividend History & Yield
Xcel Energy (XEL) has increased its dividend for 2 consecutive years and currently yields 2.88%. The most recent dividend was $0.5925/share on Apr 20, 2026, paid Quarterly.
XEL
Current Yield
2.88%
TTM Dividend/Share
$2.30
Payment Frequency
Quarterly
Payout Ratio
65.8%
Consecutive Growth Years
2
Div Growth (1Y CAGR)
72.15%
Div Growth (5Y CAGR)
10.45%
Div Growth (10Y CAGR)
8.25%
XEL: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
13.3%
FCF payout ratio
133.1%
Net debt / EBITDA
5.9x
Interest coverage
2.09x
ROIC (TTM)
6.4%
Dividend Safety Score
4 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 65.8%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($8.95) covers dividend/share ($2.30).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown 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 5.9x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (10.5%) exceeds EPS growth (9.6%) — payout ratio expanding.
Per-payment dividend history
Ex-date Mar 13, 2026
- Payment date
- Apr 20, 2026
- Dividend
- $0.5925
- Adj. dividend
- $0.5925
Ex-date Dec 29, 2025
- Payment date
- Jan 20, 2026
- Dividend
- $0.5700
- Adj. dividend
- $0.5700
Ex-date Sep 15, 2025
- Payment date
- Oct 20, 2025
- Dividend
- $0.5700
- Adj. dividend
- $0.5700
Ex-date Jun 13, 2025
- Payment date
- Jul 20, 2025
- Dividend
- $0.5700
- Adj. dividend
- $0.5700
Ex-date Mar 14, 2025
- Payment date
- Apr 20, 2025
- Dividend
- $0.5700
- Adj. dividend
- $0.5700
Ex-date Jan 6, 2025
- Payment date
- Jan 20, 2025
- Dividend
- $0.5475
- Adj. dividend
- $0.5475
Ex-date Sep 13, 2024
- Payment date
- Oct 20, 2024
- Dividend
- $0.5475
- Adj. dividend
- $0.5475
Ex-date Jun 14, 2024
- Payment date
- Jul 20, 2024
- Dividend
- $0.5475
- Adj. dividend
- $0.5475
Ex-date Mar 14, 2024
- Payment date
- Apr 20, 2024
- Dividend
- $0.5475
- Adj. dividend
- $0.5475
Ex-date Dec 27, 2023
- Payment date
- Jan 20, 2024
- Dividend
- $0.5200
- Adj. dividend
- $0.5200
Ex-date Sep 14, 2023
- Payment date
- Oct 20, 2023
- Dividend
- $0.5200
- Adj. dividend
- $0.5200
Ex-date Jun 14, 2023
- Payment date
- Jul 20, 2023
- Dividend
- $0.5200
- Adj. dividend
- $0.5200
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| 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 14, 2023 | Jul 20, 2023 | $0.5200 | $0.5200 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Xcel Energy has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 2 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 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 | — |
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.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Xcel Energy (XEL) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.95B
YoY change
+9.1%
5Y CAGR
+8.4%
Peak year (2025)
$1.28B
Latest annual
$1.28B
Cash dividends paid over time for Xcel Energy (XEL)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Xcel Energy (XEL)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.28B | +9.1% | +$107.00M | ||
| 2024 | $1.18B | +7.6% | +$83.00M | ||
| 2023 | $1.09B | +7.9% | +$80.00M | ||
| 2022 | $1.01B | +8.2% | +$77.00M | ||
| 2021 | $935.00M | +9.2% | +$79.00M | ||
| 2020 | $856.00M | +8.2% | +$65.00M | ||
| 2019 | $791.00M | +8.4% | +$61.00M | ||
| 2018 | $730.00M | +1.2% | +$9.00M | ||
| 2017 | $721.00M | +5.9% | +$40.48M | ||
| 2016 | $680.52M | +12.2% | +$73.95M | ||
| 2015 | $606.57M | +8.0% | +$45.16M | ||
| 2014 | $561.41M | +9.2% | +$47.37M | ||
| 2013 | $514.04M | +5.6% | +$27.29M | ||
| 2012 | $486.76M | +2.5% | +$12.00M | ||
| 2011 | $474.76M | +9.9% | +$42.65M | ||
| 2010 | $432.11M | +4.1% | +$17.19M | ||
| 2009 | $414.92M | +8.5% | +$32.64M | ||
| 2008 | $382.28M | +0.9% | +$3.39M | ||
| 2007 | $378.89M | +5.6% | +$20.15M | ||
| 2006 | $358.75M | +4.6% | +$15.65M | ||
| 2005 | $343.09M | +7.1% | +$22.65M | ||
| 2004 | $320.44M | +5.6% | +$17.13M | ||
| 2003 | $303.32M | -38.9% | -$193.06M | ||
| 2002 | $496.38M | -4.3% | -$22.52M | ||
| 2001 | $518.89M | +4.8% | +$23.90M | ||
| 2000 | $494.99M | +119.5% | +$269.49M | ||
| 1999 | $225.50M | +2.6% | +$5.80M | ||
| 1998 | $219.70M | +5.8% | +$12.00M | ||
| 1997 | $207.70M | +4.8% | +$9.50M | ||
| 1996 | $198.20M | +3.6% | +$6.80M | ||
| 1995 | $191.40M | +2.6% | +$4.80M | ||
| 1994 | $186.60M | — | — |
2025's annual dividends paid for Xcel Energy (XEL) came in at $1.28B – grew 9.1% year-over-year.
Over 2020–2025 (5 years), Xcel Energy dividends paid expanded at a +8.4% compound annual rate, sustaining 22 straight years of year-over-year growth.
$1.28B stands as the all-time-high annual dividends paid, posted in 2025, against a low of $186.60M during 1994.
Among 8 Utilities peers, Xcel Energy (XEL) ranks 7th; the peer median for dividends paid is $2.14B.
Xcel Energy Dividends Paid 2025: $1.28B
Xcel Energy dividends paid in 2025 was $1.28B, grew 9.1% from 2024. This figure represents the highest annual value in the available history.
Xcel Energy Dividends Paid 2024: $1.18B
Xcel Energy dividends paid in 2024 was $1.18B, grew 7.6% from 2023.
Xcel Energy Dividends Paid 2023: $1.09B
Xcel Energy dividends paid in 2023 was $1.09B, grew 7.9% from 2022.
Xcel Energy Dividends Paid 2022: $1.01B
Xcel Energy dividends paid in 2022 was $1.01B, grew 8.2% from 2021.
Xcel Energy Dividends Paid 2021: $935.00M
Xcel Energy dividends paid in 2021 was $935.00M.
See more financial history for Xcel Energy (XEL).
Sector peers by dividends paid
Companies in the same sector as Xcel Energy, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| NextEra Energy (NEE) | $4.68B | Utilities |
| Duke Energy (DUK) | $3.30B | Utilities |
| Southern Company (SO) | $3.02B | Utilities |
| Dominion Energy (D) | $2.28B | Utilities |
| American Electric Power Company (AEP) | $2.01B | Utilities |
| Sempra (SRE) | $1.60B | Utilities |
| Constellation Energy (CEG) | $486.00M | Utilities |
| GE Vernova (GEV) | $275.00M | Utilities |
Frequently asked questions
Does Xcel Energy pay dividends?
Yes, Xcel Energy (XEL) pays quarterly dividends of approximately $2.30 per share annually, yielding 2.88%.
What is Xcel Energy's dividend yield?
Xcel Energy (XEL) has a current dividend yield of 2.88%.
Is Xcel Energy's dividend safe?
Xcel Energy (XEL) passes 4 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Xcel Energy increased its dividend?
Xcel Energy (XEL) has 2 consecutive years of dividend increases.
What is Xcel Energy's dividend payout ratio?
Xcel Energy (XEL) has a dividend payout ratio of 65.8%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Xcel Energy's dividends paid?
Latest reported dividends paid for Xcel Energy (XEL) is $1.95B (period ending March 31, 2026).
How has Xcel Energy dividends paid changed year-over-year?
Xcel Energy (XEL) dividends paid changed +9.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Xcel Energy dividends paid?
Xcel Energy (XEL) dividends paid compound annual growth rate is +8.4% over the most recent 5 years available.
When did Xcel Energy dividends paid hit its highest annual value?
Xcel Energy dividends paid reached its highest annual value of $1.28B in 2025.
What was Xcel Energy dividends paid in 2024?
Xcel Energy (XEL) dividends paid in 2024 was $1.18B.
What was Xcel Energy dividends paid in 2025?
Xcel Energy (XEL) dividends paid in 2025 was $1.28B.
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