Xcel Energy 2015 Annual Report Download - page 92
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74
Long-Term EPS and Dividend Growth Rate Objectives
Xcel Energy expects to deliver an attractive total return to our shareholders through a combination of earnings growth and dividend
yield, based on the following long-term objectives:
• Deliver long-term annual EPS growth of 4 percent to 6 percent, based on ongoing 2015 EPS of $2.10, which was the mid-point
of Xcel Energy’s 2015 ongoing guidance range;
• Deliver annual dividend increases of 5 percent to 7 percent;
• Target a dividend payout ratio of 60 percent to 70 percent; and
• Maintain senior unsecured debt credit ratings in the BBB+ to A range.
Ongoing earnings is calculated using net income and adjusting for certain nonrecurring or infrequent items that are, in management’s
view, not reflective of ongoing operations.
Item 7A — Quantitative and Qualitative Disclosures About Market Risk
See Item 7, incorporated by reference.
Item 8 — Financial Statements and Supplementary Data
See Item 15-1 for an index of financial statements included herein.
See Note 18 to the consolidated financial statements for summarized quarterly financial data.