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Xcel Energy Inc. Message Board

  • mkam@bellsouth.net mkam Apr 18, 2013 6:01 PM Flag

    XEL

    Was given 2 shares of NSP 25 years ago for a wedding present. It was worth $30.00 +- at that time. Was audited for not declaring the few cents I recieved for a dividend. Have held onto it all these years and actually have increased # of shares. Now Xel and first time since then I've seen it trade at this level. Is that what the pundits meen by buy and hold?

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    • I bought 1,000 shares of Xcel when they were in financial trouble in 2002. My cost basis was between $10-$11 pps, for a little over $10,000. Over the last eleven years I have let the dividends reinvest themselves into more Xcel shares, so now I own 1770 shares. At today's current pps of $31, that makes my shares worth over $54,000. Plus, Xcel currently pays me over $1,900 annually in dividends, which I continue to reinvest. This annual divvy payout represents about 19% of my original cost basis. I continue to reinvest the divvys into Xcel and will leave the shares for my heirs.

      I believe that's what they mean by long term buy and hold investing in conservative utility stocks.

 
XEL
31.38+0.35(+1.13%)Sep 16 4:02 PMEDT

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