The Board of Directors of Xcel Energy has raised the quarterly dividend on the company’s common stock from 43 cents per share to 45.75 cents per share, which is equivalent to an annual rate of $1.83 per share. The dividends are payable April 20, 2021, to shareholders of record on March 15, 2021.

“We are increasing our dividend 6.4 percent, which is consistent with our objective of growing the dividend 5-7 percent annually. The dividend increase is evidence of our confidence in our long-term business plan and our commitment to provide shareholders an attractive total return,” according to Ben Fowke, Chairman and CEO of Xcel Energy.