Does XEL pay a dividend?

Yes. Xcel Energy Inc. pays a quarterly dividend, currently yielding 3.36% based on trailing twelve-month payments of $2.35 per share.

How much does XEL pay in dividends?

$2.35 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.

When is the next XEL ex-dividend date?

No upcoming ex-dividend date is currently on record for XEL. Dates appear here once the company declares them.

XEL Dividend

Xcel Energy Inc.

NASDAQUtilitiesStockData as of September 15, 2026

Dividend yield: 3.36%
Annual dividend: $2.35
Payout ratio: 0.61
Frequency: Quarterly
Share price: $69.80
Market cap: $43.6B

Is XEL a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

Yield is above the market median3.36% against a median of 2.92% across US dividend payers.
Dividend uses most of earningsA payout ratio of 0.61 leaves a narrower margin than the sub-0.60 range generally considered comfortable, though it remains within earnings.
Dividend has been cut 4 timesAcross 42 complete years, the annual total fell in 2002, 2003, 2024 and earlier. The most recent reduction was in 2024.

XEL dividend history

Annual dividend per share, 1973 to 2025.

Peak $2.85 in 2025Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for XEL, most recent first.
Ex-dividend date	Pay date	Amount	Type
September 15, 2026	October 20, 2026	$0.5925	Quarterly
June 15, 2026	July 20, 2026	$0.5925	Quarterly
March 13, 2026	April 20, 2026	$0.5925	Quarterly
December 29, 2025	January 20, 2026	$0.5700	Quarterly
September 15, 2025	October 20, 2025	$0.5700	Quarterly
June 13, 2025	July 20, 2025	$0.5700	Quarterly
March 14, 2025	April 20, 2025	$0.5700	Quarterly
January 6, 2025	January 20, 2025	$0.5475	Quarterly
September 13, 2024	October 20, 2024	$0.5475	Quarterly
June 14, 2024	July 20, 2024	$0.5475	Quarterly
March 14, 2024	April 20, 2024	$0.5475	Quarterly
December 27, 2023	January 20, 2024	$0.5200	Quarterly
September 14, 2023	October 20, 2023	$0.5200	Quarterly
June 14, 2023	July 20, 2023	$0.5200	Quarterly
March 14, 2023	April 20, 2023	$0.5200	Quarterly
December 28, 2022	January 20, 2023	$0.4875	Quarterly
September 14, 2022	October 20, 2022	$0.4875	Quarterly
June 14, 2022	July 20, 2022	$0.4880	Quarterly
March 14, 2022	April 20, 2022	$0.4880	Quarterly
December 21, 2021	January 20, 2022	$0.4580	Quarterly
September 14, 2021	October 20, 2021	$0.4580	Quarterly
June 14, 2021	July 20, 2021	$0.4575	Quarterly
March 12, 2021	April 20, 2021	$0.4575	Quarterly
December 22, 2020	January 20, 2021	$0.4300	Quarterly
September 14, 2020	October 20, 2020	$0.4300	Quarterly
June 12, 2020	July 20, 2020	$0.4300	Quarterly
March 12, 2020	April 20, 2020	$0.4300	Quarterly
December 24, 2019	January 20, 2020	$0.4050	Quarterly
September 12, 2019	October 20, 2019	$0.4050	Quarterly
June 13, 2019	July 20, 2019	$0.4050	Quarterly
March 14, 2019	April 20, 2019	$0.4050	Quarterly
December 27, 2018	January 20, 2019	$0.3800	Quarterly
September 13, 2018	October 20, 2018	$0.3800	Quarterly
June 14, 2018	July 20, 2018	$0.3800	Quarterly
March 14, 2018	April 20, 2018	$0.3800	Quarterly
December 27, 2017	January 20, 2018	$0.3600	Quarterly
September 14, 2017	October 20, 2017	$0.3600	Quarterly
June 13, 2017	July 20, 2017	$0.3600	Quarterly
March 13, 2017	April 20, 2017	$0.3600	Quarterly
December 22, 2016	January 20, 2017	$0.3400	Quarterly

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Frequently asked questions

Does XEL pay a dividend?: Yes. Xcel Energy Inc. pays a quarterly dividend, currently yielding 3.36% based on trailing twelve-month payments of $2.35 per share.
How much does XEL pay in dividends?: $2.35 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next XEL ex-dividend date?: No upcoming ex-dividend date is currently on record for XEL. Dates appear here once the company declares them.