Posted by: Market Watch in Market Information three minutes in the past Xcel Vitality Inc. stated Wednesday that it raised its quarterly di
Xcel Vitality Inc. stated Wednesday that it raised its quarterly dividend by 6.4%, to 45.75 cents a share from 43.00 cents. The electrical and natural-gas firm’s new dividend is payable April 20 to shareholders of file on March 15. The inventory rose 0.9% in afternoon buying and selling. Based mostly on present inventory costs, the brand new annual dividend fee implies a dividend yield of three.00%, which compares with the yield for the SPDR Utilities Choose Sector ETF of three.19% and the implied yield for the S&P 500 of 1.47%, in line with FactSet. “The dividend enhance is proof of our confidence in our long-term marketing strategy and our dedication to offer shareholders a horny whole return,” stated Xcel Chief Government Ben Fowke.Market Pulse Tales are Speedy-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra info on this information.
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