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.
Learn Full Story
2021-02-17