U.S. electricity utility Xcel Energy Inc. said Wednesday its board has approved an increase in its quarterly dividend to 38 cents a share from 36 cents. The new dividend will be payable April 20 to shareholders of record as of March 15. Shares were slightly higher, and are up 4% in the last 12 months, while the S&P 500 has gained 16%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News