Xcel Energy Inc. Board Increases 2019 Common Dividend 6.6%, Declares Dividend on Common Stock

The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) today raised
the quarterly dividend on the company’s common stock from 38 cents per
share to 40.5 cents per share, which is equivalent to an annual rate of
$1.62 per share. The dividends are payable April 20, 2019, to
shareholders of record on March 15, 2019.

“We are pleased to announce a $0.10 per share, or 6.6% increase in the
common dividend, on an annualized basis, which reflects the strength of
our balance sheet and our earnings growth profile. We recognize that
strong dividend growth coupled with transparent earnings growth support
our commitment to provide shareholders an attractive total return
profile,” said Ben Fowke, chairman, president, and CEO of Xcel Energy.

Xcel Energy is a major U.S. electricity and natural gas company, with
operations in 8 Western and Midwestern states. Xcel Energy provides a
comprehensive portfolio of energy-related products and services to 3.6
million electricity customers and 2.0 million natural gas customers
through its regulated operating companies. Company headquarters are
located in Minneapolis. More information is available at www.xcelenergy.com.

This information is not given in connection with any sale or offer for
sale or offer to buy any securities.

Statements in this press release regarding Xcel Energy’s business which
are not historical facts are “forward-looking statements” that involve
risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see “Risk Factors” in the
Company's Annual Report on Form 10-K for the most recently ended fiscal
year.

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