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

Public Service Enterprise Group Incorporated (NYSE:PEG) announced a quarterly dividend on Monday, July 20th. Shareholders of record on Wednesday, September 9th will be paid 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%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 $4.69 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 NYSE:PEG opened at $77.85 on Tuesday. The company’s 50-day moving average price is $79.61 and its two-hundred day moving average price is $80.88. Public Service Enterprise Group has a one year low of $76.05 and a one year high of $91.25. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.75. The stock 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 (NYSE:PEG) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.11. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.Public Service Enterprise Group’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities analysts forecast that Public Service Enterprise Group will post 4.37 EPS for the current fiscal 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.