Xcel Energy 2009 Annual Report Download - page 55
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Additional Information
For a discussion of legal claims and environmental proceedings, see Note 17 to the consolidated financial statements.
For a discussion of proceedings involving utility rates and other regulatory matters, see Item 1 for Public Utility
Regulation and Summary of Recent Federal Regulatory Developments, Item 7 — Management’s Discussion and
Analysis and Note 16 to the consolidated financial statements.
Item 4 — Submission of Matters to a Vote of Security Holders
No issues were submitted for a vote during the fourth quarter of 2009.
PART II
Item 5 — Market for Registrant’s Common Equity, Related Stockholder Matters and
Issuer Purchases of Equity Securities
Quarterly Stock Data
Xcel Energy’s common stock is listed on the New York Stock Exchange (NYSE). The trading symbol is XEL. The
following are the reported high and low sales prices based on the NYSE Composite Transactions for the quarters of
2009 and 2008 and the dividends declared per share during those quarters.
High Low Dividends
2009
First quarter ................................ $19.13 $16.01 $ 0.2375
Second quarter ............................... 18.98 16.83 0.2450
Third quarter ................................ 20.29 17.44 0.2450
Fourth quarter ............................... 21.94 18.53 0.2450
2008
First quarter ................................ $22.90 $19.39 $ 0.2300
Second quarter ............................... 21.73 19.67 0.2375
Third quarter ................................ 22.39 19.40 0.2375
Fourth quarter ............................... 20.21 15.32 0.2375
Book value per share at Dec. 31, 2009, was $15.92. The number of common shareholders of record as of Dec. 31,
2009 was approximately 83,222. The Articles of Incorporation of Xcel Energy place restrictions on the amount of
common stock dividends it can pay when preferred stock is outstanding. Under the provisions, dividend payments may
be restricted if Xcel Energy’s capitalization ratio (on a holding company basis only, not on a consolidated basis) is less
than 25 percent. For these purposes, the capitalization ratio is equal to (i) common stock plus surplus divided by
(ii) the sum of common stock plus surplus plus long-term debt. Based on this definition, Xcel Energy’s holding
company capitalization ratio at Dec. 31, 2009 and 2008 was 85 percent and 84 percent, respectively. Therefore, the
restrictions do not place any effective limit on Xcel Energy’s ability to pay dividends. For further discussion of Xcel
Energy’s dividend policy, see Item 7 — Management’s Discussion and Analysis, Liquidity and Capital Resources.
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