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Public Service Enterprise Group Incorporated (NYSE:PEG) Declares Quarterly Dividend of $0.67
Public Service Enterprise Group (NYSE:PEG) has declared a quarterly dividend of $0.67 per share, to be paid on June 30th to shareholders of record on June 9th, resulting in an annualized yield of 3.4%. The company has consistently raised its dividend for 14 consecutive years, and analysts anticipate its earnings will continue to cover the dividend, with a projected payout ratio of 57.0% next year. Shares opened down 2.7% at $78.57, reflecting recent market performance and analyst adjustments to price targets.