Public Service Enterprise (PEG) Raises Quarterly Dividend 5.6% to $0.57; 3.7% Yield

Public Service Enterprise (NYSE: PEG) declared a quarterly dividend of $0.57 per share, or $2.28 annualized. This is a 5.6% increase from the prior dividend of $0.54.

The dividend will be payable on March 31, 2023, to stockholders of record on March 10, 2023, with an ex-dividend date of March 9, 2023.

The annual yield on the dividend is 3.7 percent.

"We are pleased to be able to increase the cash return to our shareholders. PSEG's 116-year dividend track record is a testament to unwavering financial discipline, supported by our solid balance sheet and improved business mix. This increase in the indicative 2023 rate extends PSEG's record of consistent and sustainable growth in the common dividend, marking the 19th annual increase in the last 20 years," said Ralph LaRossa, chair, president and chief executive officer of PSEG. All future decisions regarding dividends on the common stock are subject to approval by the Board of Directors.

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

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