Tuesday Is Your Last Chance To Buy Xcel Energy Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Xcel Energy (NASDAQ:XEL) has announced a quarterly dividend of 52 cents per share, with the ex-dividend date set for Wednesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on January 20, 2024. The stock is expected to open 52 cents lower on the ex-dividend date to reflect the payout.
December 22, 2023 | 2:45 pm
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Xcel Energy is set to pay a quarterly dividend of 52 cents per share, with shares expected to trade lower by the same amount on the ex-dividend date.
The stock price of XEL is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend. However, the long-term impact on the stock price will depend on the overall performance of the company and market conditions.
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