Public Service Enterprise (PEG) Raises Annual Dividend 4.3% to $0.49; 0.8% Yield

Public Service Enterprise (NYSE: PEG) declared an annual dividend of $0.49 per share, or $0.49 annualized. This is a 4.3% increase from the prior dividend of $0.47.

The dividend will be payable on March 31, 2020, to stockholders of record on March 10, 2020, with an ex-dividend date of March 9, 2020.

The annual yield on the dividend is 0.8 percent.

Ralph Izzo, Chairman, President and Chief Executive Officer, said, "We are pleased to be able to increase the cash return to our shareholders. This latest increase represents the 16th increase in the common dividend in the past 17 years and marks our 113th consecutive year of paying a common dividend to shareholders. PSEG's long history of paying a common dividend is aided by our strong balance sheet and business mix, which are expected to support consistent and sustainable growth in the common dividend."

For a dividend history and other dividend-related data on Public Service Enterprise (PEG) click here.

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