PEG stock dividend – Public Service Enterprise Group Incorporated Increases Quarterly Dividend by 5.6%, Yielding 3.74%.

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PEG stock dividend – Public Service Enterprise ($NYSE:PEG) Group Incorporated (PEG) is a publicly traded energy and energy services holding company headquartered in New Jersey. The company owns and operates several power plants, natural gas transmission pipelines and renewable energy resources in the Mid-Atlantic and Northeastern United States. PEG also operates a competitive energy services business, providing retail electricity and natural gas services to customers in the Mid-Atlantic and Northeastern states. PEG recently declared a quarterly dividend of $0.57 per share, representing a 5.6% increase from the prior dividend of $0.54. This dividend will be payable on March 31 to shareholders of record as of March 10, with an ex-dividend date of March 9. The forward yield is 3.74%.

The PEG Dividend Scorecard is a comprehensive resource for investors to evaluate the company’s dividend history, current dividend yield, and expected dividend growth. The scorecard offers detailed insights into the dividend policy and practices of PEG as well as past dividend payment records. The Yield Chart provides a visual representation of PEG’s dividend yield, which has been consistently higher than the industry average over the last few years. The Dividend Growth section provides an outlook on future dividend growth prospects based on the company’s performance and financials. PEG has managed to outperform its industry peers in terms of dividend payouts, with the current yield representing an attractive opportunity for investors seeking dividend income. Investors can use the PEG Dividend Scorecard, Yield Chart, and Dividend Growth section to evaluate the prospects of investing in this stock for income generation purposes.

Dividends – PEG stock dividend

Public Service Enterprise Group Incorporated (PSEG) recently announced that it has increased its quarterly dividend by 5.6%, bringing the yield to 3.74%. This marks the third consecutive year where PSEG has issued an annual dividend per share of 2.13, 2.04, and 1.96 USD, respectively. PSEG’s dividend increase is indicative of the company’s commitment to rewarding shareholders with a steady stream of income. Despite the current economic climate, the company remains committed to providing a reliable source of income to its investors. For investors looking to diversify their portfolios with dividend stocks, PSEG could be a viable option.

In addition, the company is committed to providing reliable service to its customers and providing a safe workplace for its employees.

Additionally, the company is actively investing in renewable energy projects and seeking out new ways to reduce their environmental impact. Overall, PSEG’s recent dividend increase makes it an appealing choice for dividend-seeking investors who want reliable income for their portfolios. With a reliable dividend yield and a commitment to sustainability, it is easy to see why PSEG stands out among other energy companies.

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for PEG are shown below. More…

Price History

This comes as no surprise, given the company’s history of dividend increases and its strong financial performance over the past few years. On Tuesday, PSEG stock opened at $61.2 and closed at $61.2 – unchanged from its previous closing price of 61.3. This represented a slight decline of 0.2%, but overall it was an uneventful day for the company’s stock. It provides electricity and gas to millions of customers in New Jersey and the surrounding areas. The company is also involved in various other energy-related businesses, such as solar energy, renewable energy, and energy efficiency initiatives. The new dividend increase is expected to benefit shareholders and is a testament to PSEG’s commitment to rewarding shareholders with attractive returns on their investments.

Additionally, PSEG’s long-term outlook is positive and it expects to continue to be a leader in the energy industry for many years to come. In summary, PSEG’s recent dividend increase is positive news for shareholders and reflects the company’s strong financial performance and commitment to driving value. The company’s stock closed unchanged from the previous closing price on Tuesday, but investors should keep an eye on PSEG’s long-term prospects for further growth and potential for increased shareholder value. Live Quote…

Analysis

Investors interested in PUBLIC SERVICE ENTERPRISE may find the company to have attractive fundamentals. GoodWhale’s analysis shows that the company is strong in dividend, with a medium rating in asset, profitability and growth. Moreover, it has an intermediate health score of 4/10, meaning that it may be able to pay off debt and fund future operations. Given its track record of paying out consistent and sustainable dividends, PUBLIC SERVICE ENTERPRISE is classified as a ‘cow’. Investors looking for companies to invest in for the long-term may find this company to be an attractive option due to its reliable dividend stream. PUBLIC SERVICE ENTERPRISE may also offer investors a good opportunity for capital appreciation. The company’s fundamentals suggest that it is likely to continue to perform well and increase its stock value over time. Additionally, its debt could provide investors with a good return if managed properly. Overall, PUBLIC SERVICE ENTERPRISE may be an ideal investment for those looking for a combination of dividends, capital appreciation and potential debt management opportunities. The company’s fundamentals suggest that it is likely to continue delivering attractive returns over the long run. 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

This increase yields an annualized dividend payout of 3.74%. This dividend hike is a sign of the company’s financial stability and ability to generate growth. The company’s stock has been performing well, with the shares up over 4% year-to-date.

Analysts believe PSEG’s diverse energy business segments, including nuclear, fossil, and renewable sources, are positioned to take advantage of the expected future growth in the US energy market. The company also has strong financial metrics and a solid balance sheet, making it an attractive investment for long-term investors.