Xcel Energy (XEL) will raise its quarterly dividend by 6.6 percent to 48.75 cents per share in 2022. This marks 19 straight years of dividend increases by the utility company. The next dividend is payable April 20, 2022, to shareholders of record on March 15, 2022. A new annualized dividend rate of $1.95 per share yields 2.6% at a stock price of $75. The next ex-dividend date for XEL is March 14, 2022.

Xcel Energy Inc. is a U.S. electric and natural gas delivery company, with operations in Western and Midwestern states, including Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. The company provides energy-related products and services to electricity customers and gas customers through its regulated operating companies. The company's four operating companies are: NSP-Minnesota, NSP-Wisconsin, PSCo (Public Service Company of Colorado) and SPS (Southwestern Public Service Co).