Public Service Enterprise Group Incorporated (NYSE:PEG) to Issue Quarterly Dividend of $0.67

Public Service Enterprise Group Incorporated (NYSE:PEG) declared a quarterly dividend on Monday, July 20th. Shareholders of record on Wednesday, September 9th will be given a dividend of 0.67 per share by the utilities provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, September 9th.

Public Service Enterprise Group has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Public Service Enterprise Group has a dividend payout ratio of 61.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Public Service Enterprise Group to earn $4.69 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 57.1%.

Public Service Enterprise Group Trading Down 1.0%

Shares of PEG opened at $77.85 on Tuesday. The stock’s fifty day simple moving average is $79.61 and its 200-day simple moving average is $80.88. The firm has a market capitalization of $38.80 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 2.96 and a beta of 0.51. Public Service Enterprise Group has a 12-month low of $76.05 and a 12-month high of $91.25. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.31.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.30%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. Public Service Enterprise Group’s revenue for the quarter was up 19.4% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, research analysts predict that Public Service Enterprise Group will post 4.37 earnings per share for the current year.

About Public Service Enterprise Group

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.