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Analyzing Utilities’ Recent Dividends and Expected Increases

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Nov. 20 2020, Updated 12:44 p.m. ET

Utilities and their dividends

Xcel Energy (XEL) paid total dividends of $1.36 per share in 2016. It was more than a 6% increase compared to its dividends in 2015. In comparison, peer PPL Corporation (PPL) paid total dividends of $1.52 per share in 2016.

Duke Energy (DUK) paid dividends of $3.36 per share, while Southern Company (SO) paid annual dividends of $2.22 per share last year.

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Expected dividend growth

Xcel Energy’s dividends are expected to grow 6% annually for the next few years. In comparison, Southern Company and Duke Energy’s dividends are estimated to grow 4% in the next few years.

Utilities such as NextEra Energy (NEE) and Dominion Resources (D) expect to increase their dividends 10% in the next few years—more than double the industry average.

To learn more about NextEra Energy’s dividends, read Why NextEra Energy Could Be a Sensible Dividend Option.

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