Xcel Energy (XEL) Dividend
Xcel Energy (XEL) currently pays a dividend yield of 3.36%, distributing $2.37 per share annually ($0.59 per quarter). The company operates in the Utilities sector.
XEL has raised its dividend for 20 consecutive years.
XEL dividend at a glance
| Dividend Yield | 3.36% |
|---|---|
| Annual Dividend | $2.37 per share |
| Per Payment | $0.59 |
| Payout Frequency | Quarterly |
| Payments per Year | 4 |
| Next Ex-Dividend Date | December 15, 2026 |
| Next Payment Date | October 20, 2026 |
| Payout Ratio | 65% |
| Consecutive Years of Dividend Growth | 20 |
| Sector | Utilities |
| Implied Share Price (from yield) | $70.60 |
What XEL pays on a $10,000 investment
At a 3.36% yield, $10,000 invested in XEL generates about $336.00 per year, or roughly $84.00 every quarter. Share counts below use an implied price of $70.60, derived from the $2.37 annual dividend and the 3.36% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Quarter |
|---|---|---|---|
| $1,000 | 14.2 | $33.60 | $8.40 |
| $5,000 | 70.8 | $168.00 | $42.00 |
| $10,000 | 141.7 | $336.00 | $84.00 |
| $25,000 | 354.1 | $840.00 | $210.00 |
| $100,000 | 1,416.5 | $3,360.00 | $840.00 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each quarter — see how the dividend snowball compounds.
XEL dividend payment schedule
XEL pays on a quarterly schedule — 4 payments a year. The next confirmed ex-dividend date is December 15, 2026, with payment on October 20, 2026. Later rows are projected forward at the same interval and will shift when Xcel Energy declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| December 15, 2026 | October 20, 2026 | $0.59 | Confirmed |
| March 15, 2027 | January 18, 2027 | $0.59 | Projected |
| June 15, 2027 | April 20, 2027 | $0.59 | Projected |
| September 15, 2027 | July 21, 2027 | $0.59 | Projected |
To collect a XEL dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How XEL's dividend compares
Across the 714 dividend stocks and ETFs DivTrkr tracks, the median yield is 4.23%. XEL's 3.36% is 0.87 percentage points below that median, ranking 406th of 714 by yield.
Within Utilities, where we track 28 names, the median yield is 3.40% — putting XEL right at its sector.
Its 20-year run of dividend increases ranks 81st out of the 363 names in our data with an active growth streak.
What the numbers mean
XEL pays out roughly 65% of its earnings as dividends. That is on the higher side — still common for utilities and consumer staples, but it leaves less cushion if earnings dip.
Like most US dividend payers, XEL distributes quarterly, so a full year of ownership produces four payments.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
XEL dividend FAQ
When is the next XEL ex-dividend date?
The next XEL ex-dividend date is December 15, 2026, with the payment scheduled for October 20, 2026. You must own shares before the ex-dividend date to receive that payment.
What is XEL's dividend yield?
XEL currently yields 3.36%, based on $2.37 in dividends per share over the past year.
How often does XEL pay dividends?
XEL pays quarterly, which works out to 4 payments per year of about $0.59 per share.
How much dividend income would $10,000 of XEL generate?
At the current 3.36% yield, $10,000 invested in XEL would produce roughly $336.00 per year, or about $84.00 per quarter, before taxes and assuming the dividend holds.
Has XEL increased its dividend?
Yes — XEL has raised its dividend for 20 consecutive years.
Related dividend stocks
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- HYG — iShares iBoxx $ High Yield Corporate Bond ETF dividend (5.34%)
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- D — Dominion Energy dividend (4.40%)
- FE — FirstEnergy Corp dividend (4.29%)
- NWN — Northwest Natural Holding Company dividend (4.23%)
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- DUK — Duke Energy dividend (3.82%)
Similar yields to XEL
- LNT — Alliant Energy Corporation dividend (3.36%)
- SRE — Sempra dividend (3.37%)
- PLD — Prologis dividend (3.34%)
- FITB — Fifth Third Bancorp dividend (3.33%)
- MDT — Medtronic PLC dividend (3.33%)
- GPC — Genuine Parts Company dividend (3.40%)
Track XEL dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.