WASHINGTON (dpa-AFX) - Xcel Energy Inc. (XEL) said Wednesday that its board of directors has raised the quarterly dividend on the company's common stock from $0.26 per share to $0.27 per share, which is equivalent to an annual rate of $1.08 per share.
The board also declared the second quarter common stock dividend payable on July 20 to shareholders of record on June 21.
'The dividend continues to be a key aspect of our total return to our investors. Our objective is to grow the dividend 2-4 percent annually and this year we are pleased to announce that we have increased the dividend 3.8 percent,' said Ben Fowke, chairman, president and CEO.
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