Public Service Enterprise Group Incorporated (PEG) to Issue Quarterly Dividend of $0.67 on June 30th

Public Service Enterprise Group Incorporated (NYSE:PEG) announced a quarterly dividend on Tuesday, April 21st. Investors of record on Tuesday, June 9th will be paid a dividend of 0.67 per share by the utilities provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, June 9th.

Public Service Enterprise Group has increased its dividend 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 payout ratio of 61.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Public Service Enterprise Group to earn $4.70 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 57.0%.

Public Service Enterprise Group Stock Down 0.1%

Shares of NYSE:PEG opened at $78.49 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. The company has a fifty day simple moving average of $82.97 and a 200 day simple moving average of $81.73. The firm has a market cap of $39.14 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 2.56 and a beta of 0.58. Public Service Enterprise Group has a 12-month low of $76.00 and a 12-month high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities research analysts anticipate that Public Service Enterprise Group will post 4.36 EPS for the current fiscal year.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.