Public Service Enterprise Group Incorporated (PEG) to Issue Quarterly Dividend of $0.63 on December 31st

Public Service Enterprise Group Incorporated (NYSE:PEG) announced a quarterly dividend on Tuesday, November 18th. Investors of record on Wednesday, December 10th will be paid a dividend of 0.63 per share by the utilities provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, December 10th.

Public Service Enterprise Group has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 14 years. Public Service Enterprise Group has a dividend payout ratio of 58.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Public Service Enterprise Group to earn $4.03 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 62.5%.

Public Service Enterprise Group Price Performance

Shares of NYSE:PEG opened at $81.09 on Thursday. Public Service Enterprise Group has a twelve month low of $74.67 and a twelve month high of $95.22. The company’s 50 day moving average is $82.24 and its 200 day moving average is $82.45. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 1.30. The company has a market cap of $40.48 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.46 and a beta of 0.55.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Monday, November 3rd. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.02 by $0.11. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 EPS. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS. On average, sell-side analysts forecast that Public Service Enterprise Group will post 3.67 EPS for the current year.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.