Xcel Energy Inc.
XEL22 yrs growthUtilities · Stock · quarterly payer
Forward Yield
3.01%
Annual Dividend
$2.37
Payout Ratio
66%
5-Yr Growth
5.6%
Ex-Date
Jun 15, 2026
Frequency
Quarterly
Summary
As of July 2026, Xcel Energy Inc. (XEL) yields 3.01% ($2.37 per share annually), with a blended fair-value estimate of $139.98 — +78% upside, so it screens as undervalued. Dividend safety grade: A (87/100). 22 years of dividend growth.
Is XEL a good dividend stock?
YesXcel Energy Inc. (XEL) pays a quarterly dividend yielding 3.01% ($2.37/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 22 consecutive years of dividend growth
- Strong 5.6% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2003
Key Data
- Dividend Yield
- 3.01%
- Payout Ratio
- 66%
- Annual Dividend
- $2.37
- 5-Yr Avg Growth
- 5.6%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 22
- Frequency
- quarterly
- Beta
- 0.41
- Market Cap
- $49.1B
- P/E Ratio
- 22.7
- 5-Yr Total Return
- 15%
- 52-Week Range
- $69.16 – $84.23
- Dividend Safety
- A · 87/100
- Ever Cut?
- Yes (2003)
Frequently Asked Questions
XEL Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
+38%
5 Years
+15%
52-Week Range
$69.16 – $84.23
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is XEL worth?
Undervaluedlow confidenceOur blended fair-value estimate for Xcel Energy Inc. is $139.98 per share, versus a market price of $78.77. That implies 78% of upside — a margin of safety of about 44%.
Fair Value
$139.98
Current Price
$78.77
Upside
+78%
Margin of Safety
44%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -4.5% annual free-cash-flow growth. We model 10.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 10.3% stage-1 growth, 2.5% terminal growth, $3.47 EPS, $2.37 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
XEL Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $0.5930 | regular |
| Mar 13, 2026 | — | $0.5930 | regular |
| Dec 29, 2025 | — | $0.5700 | regular |
| Sep 15, 2025 | — | $0.5700 | regular |
| Jun 13, 2025 | — | $0.5700 | regular |
| Mar 14, 2025 | — | $0.5700 | regular |
| Jan 6, 2025 | — | $0.5480 | regular |
| Sep 13, 2024 | — | $0.5480 | regular |
| Jun 14, 2024 | — | $0.5480 | regular |
| Mar 14, 2024 | — | $0.5480 | regular |
| Dec 27, 2023 | — | $0.5200 | regular |
| Sep 14, 2023 | — | $0.5200 | regular |
| Jun 14, 2023 | — | $0.5200 | regular |
| Mar 14, 2023 | — | $0.5200 | regular |
Income Calculator
At $2.37 / yr per share
