XEL Named A Top Socially Responsible Dividend Stock
Wed, Sep 6, 8:14 AM ET, by ETF Channel
Xcel Energy, Inc. (XEL) has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.9% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environmental impact of the company's products and services, as well as the company's efficiency in terms of its use of energy and resources. Social criteria include elements such as human rights, child labor, corporate diversity, and the company's impact on society — for instance, taken into consideration would be business activities tied to weapons, gambling, tobacco, and alcohol.
According to the ETF Finder at ETF Channel, Xcel Energy, Inc. is a member of the iShares MSCI USA ESG Select ETF (SUSA), making up 0.43% of the underlying holdings of the fund, which owns $2,638,740 worth of XEL shares.
The annualized dividend paid by Xcel Energy, Inc. is $1.44/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/14/2017. Below is a long-term dividend history chart for XEL, which the DividendRank report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
XEL operates in the Electric Utilities sector, among companies like Companhia Paranaense De Energia - COPEL (ELP), and NextEra Energy Inc (NEE).
Read the original article at ETF Channel: XEL Named A Top Socially Responsible Dividend Stock
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