PEG dividend – Public Service Enterprise Group Announces 0.57 Cash Dividend
March 11, 2023
Dividends Yield
Public Service Enterprise ($NYSE:PEG) Group Inc. (PSEG) announced on March 1, 2023 that it will be issuing a 0.57 cash dividend for the upcoming year. This dividend is part of their 3-year dividend program, where they have issued an annual dividend of 2.16 USD per share for the past three years. The dividend yields from 2022 to 2023 have been 3.38%, giving an average dividend yield of 3.38%. This is a reliable dividend and should be taken into consideration if you are looking for a stable stock to invest in. The ex-dividend date for the next dividend is March 9, 2023.
This date is important because it marks the deadline by which shareholders must own a security in order to receive the dividend. Investors that want to take advantage of this dividend should be sure to purchase shares before this date. Not only does the dividend yield offer a reliable return, but it also provides the company with capital to invest in growing its business. Therefore, it is a win-win situation for both the company and its investors.
Price History
The announcement came as the company’s stock opened at $60.6 and closed at $58.5 for the day, representing a 3.1% decrease from the previous closing price of $60.4. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PEG. More…
| Total Revenues | Net Income | Net Margin |
| 9.8k | 1.03k | 12.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PEG. More…
| Operations | Investing | Financing |
| 1.5k | -1.1k | -754 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PEG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 48.72k | 34.99k | 27.62 |
Key Ratios Snapshot
Some of the financial key ratios for PEG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.9% | -14.3% | 16.0% |
| FCF Margin | ROE | ROA |
| -14.1% | 7.3% | 2.0% |
Analysis
GoodWhale has conducted an analysis of the fundamentals of PUBLIC SERVICE ENTERPRISE. According to our Risk Rating, PUBLIC SERVICE ENTERPRISE is a medium risk investment in terms of financial and business aspects. We have detected three risk warnings in the income sheet, balance sheet, and cashflow statement for this company. To view these warnings, become a registered user on our platform. We are committed to helping you make sound investments by providing you with the most reliable financial information. Our Risk Rating system provides an objective assessment of the risk involved in investing in PUBLIC SERVICE ENTERPRISE. Our analysis of their financial statements allows us to identify any potential risks and provide you with an honest assessment of the company before you make any decisions. We are always here to help you make the right decisions and ensure that your investments are safe. Sign up to our platform today and take advantage of our reliable financial information and Risk Rating system. More…
Peers
As of 2018, the top four competitors of Public Service Enterprise Group Inc (PSEG) are Exelon Corp, South Jersey Industries Inc, Consolidated Edison Inc, and National Grid plc. These companies compete with PSEG in the electric and gas utility industry. PSG is a diversified energy company that operates through its subsidiaries. The company’s businesses include electric and gas utility operations, power generation, and energy services.
– Exelon Corp ($NASDAQ:EXC)
Exelon Corporation is an American energy company headquartered in the Chase Tower in the Chicago Loop area of Chicago, Illinois, United States, and incorporated in Pennsylvania. It was created in October 2000 by the merger of PECO Energy Company and Unicom Corp. Exelon operates utilities in Illinois, Pennsylvania, Maryland, Delaware, and Washington, D.C.
– South Jersey Industries Inc ($NYSE:SJI)
South Jersey Industries Inc is a diversified energy services holding company with subsidiaries engaged in the production, transmission, storage and distribution of natural gas and electricity, as well as providing energy services. As of 2022, the company had a market cap of 4.2 billion and a return on equity of 9.62%. The company’s primary subsidiaries include South Jersey Gas, South Jersey Energy Solutions and South Jersey Resources Group. South Jersey Industries was founded in 1947 and is headquartered in Folsom, New Jersey.
– Consolidated Edison Inc ($NYSE:ED)
Consolidated Edison, Inc. is a holding company that provides energy services through its subsidiaries. The Company’s segments include Consolidated Edison Company of New York, Inc. (CECONY), which consists of Consolidated Edison Company of New York, Inc. and Orange and Rockland Utilities, Inc. (O&R); Consolidated Edison Solutions, Inc. (CES), a provider of energy services and energy-efficiency products; and Consolidated Edison Development, Inc. (CED), an owner and operator of renewable energy projects and provider of other energy services. It serves residential, commercial, and governmental customers in New York City, Westchester County, and parts of northern New Jersey.
Summary
Investing in PUBLIC SERVICE ENTERPRISE is a great option for those looking to generate a steady and reliable income. Over the past three years, they have consistently issued an annual dividend of 2.16 USD per share with a yield of 3.38%. Their dividend yields are considered to be safe and secure, making them an attractive choice for investors who value stability and return on their investments. For a smart investing strategy, PUBLIC SERVICE ENTERPRISE is worth considering.
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