Looking at Xcel Energy’s Future Dividend Growth
As discussed in the previous part, in the last five years, Xcel Energy (XEL) has increased its per-share dividends more than the industry has. It aims for similar dividend growth going forward, targeting annual ~6% per-share dividend growth for the next few years. Regulated utilities Duke Energy (DUK) and Southern Company (SO) are aiming to meet the industry average dividend growth of 4.0%–6.0%.