XEL (Xcel Energy) Dividend Payout Ratio: 0.65 (As of Mar. 2026) — Near Median


XEL Xcel Energy Inc XEL
78 GF Score
Price $80.57
GF Value $67.31
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Xcel Energy Dividend Payout Ratio?

Xcel Energy XEL +0.30% 78 Dividend Payout Ratio is 0.65 as of Mar. 2026, which is 5% above its 10-year median of 0.62. GuruFocus rates XEL with a GF Score™ of 78/100 and a GF Value™ of $67.31 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 373 Utilities - Regulated companies, Xcel Energy ranks worse than 59.52% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Xcel Energy's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.65.

The historical rank and industry rank for Xcel Energy's Dividend Payout Ratio or its related term are showing as below:

XEL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.62   Max: 0.66
Current: 0.6

During the past 13 years, the highest Dividend Payout Ratio of Xcel Energy was 0.66. The lowest was 0.60. And the median was 0.62.

XEL's Dividend Payout Ratio is ranked worse than
59.52% of 373 companies
in the Utilities - Regulated industry
Industry Median: 0.54 vs XEL: 0.60

As of today (2026-06-24), the Dividend Yield % of Xcel Energy is 2.87%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Xcel Energy was 4.20%. The lowest was 2.29%. And the median was 2.92%.

Xcel Energy's Dividends per Share for the months ended in Mar. 2026 was $0.59.

During the past 12 months, Xcel Energy's average Dividends Per Share Growth Rate was 4.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Xcel Energy was 7.00% per year. The lowest was -18.60% per year. And the median was 3.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Xcel Energy (NAS:XEL) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Xcel Energy Dividend Payout Ratio Related Terms

Xcel Energy Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Xcel Energy's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Xcel Energy Dividend Payout Ratio Chart

Xcel Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.62 0.62 0.63 0.60

Xcel Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 0.76 0.46 0.59 0.65

XEL vs ETR, EXC, D: Dividend Payout Ratio Comparison

For the Utilities - Regulated Electric subindustry, Xcel Energy's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Xcel Energy Dividend Payout Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Xcel Energy's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Xcel Energy's Dividend Payout Ratio falls into.


XEL
78GF Score
Xcel Energy Inc XEL
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Xcel Energy Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Xcel Energy's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=2.28/ 3.8
=0.60

Xcel Energy's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.593/ 0.91
=0.65

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.65 mean?
Xcel Energy (XEL) has a Dividend Payout Ratio of 0.65 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Xcel Energy and its competitors. This is near median its historical median of 0.62. Over the past decade, Xcel Energy's Dividend Payout Ratio has ranged from 0.60 to 0.66. According to the industry distribution chart, Xcel Energy ranks #222 out of 373 companies in the Utilities - Regulated industry, placing it in the top 59.5%.
Is Xcel Energy's Dividend Payout Ratio too high?
Xcel Energy's current Dividend Payout Ratio of 0.65 is near median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 0.66. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. Xcel Energy's value of 0.65 is 20.4% above this industry median. Based on the distribution chart, Xcel Energy ranks #222 out of 373 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Xcel Energy has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xcel Energy's Dividend Payout Ratio compare to ETR and EXC?
According to the Utilities - Regulated industry distribution chart, Xcel Energy ranks #222 out of 373 companies for Dividend Payout Ratio. This places Xcel Energy in the lower half of its industry. The industry median Dividend Payout Ratio is 0.54. Xcel Energy's value of 0.65 is 20.4% above this benchmark. Historically, Xcel Energy's own Dividend Payout Ratio has ranged from 0.60 to 0.66 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.54, Xcel Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Utilities - Regulated company?
The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 373 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Xcel Energy's current Dividend Payout Ratio of 0.65 is 20.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Xcel Energy and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xcel Energy's current Dividend Payout Ratio is 0.65, which is near median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xcel Energy stock overvalued right now?
Based on GuruFocus' analysis, Xcel Energy (XEL) is currently considered Modestly Overvalued. The stock's GF Value™ is $67.31, compared to a current price of $80.57 — trading 19.7% above its estimated fair value. The current Dividend Payout Ratio is 0.65, which is near median its 10-year median of 0.62 and 20.4% above the Utilities - Regulated industry median of 0.54. Xcel Energy's overall GF Score™ is 78/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Xcel Energy (XEL), the current Dividend Payout Ratio is 0.65 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Xcel Energy (XEL) Overvalued in 2026?

Based on GuruFocus' analysis, Xcel Energy stock appears to be overvalued. The current stock price of $80.57 is trading 19.7% above its estimated GF Value™ of $67.31. GuruFocus considers Xcel Energy to be Modestly Overvalued.

Key valuation signals for XEL:

  • Dividend Payout Ratio: 0.65 (near median its 10-year median of 0.62)
  • GF Value™: $67.31 vs. price of $80.57 (19.7% above fair value)
  • GF Score™: 78/100 with 10 warning signs
  • Industry Position: 20.4% above the Utilities - Regulated median (#222 of 373)

No single metric tells the full story. See the XEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Xcel Energy Business Description

Address 414 Nicollet Mall, Minneapolis, MN, USA, 55401
Xcel Energy manages utilities serving 3.9 million electric customers and 2.2 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy suppliers in the US, with more than half of its electricity sales coming from carbon-free energy.
78GF Score

Get the complete analysis for XEL

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$80.57
Price
$67.31
GF Value