PSEG Increases Quarterly Stock Dividend From $0.57 To $0.60 Per Share
Portfolio Pulse from Benzinga Newsdesk
Public Service Enterprise Group (PSEG) has increased its quarterly stock dividend from $0.57 to $0.60 per share, marking the 13th consecutive annual increase and extending its dividend-paying track record to 117 years. The new indicative annual dividend rate is $2.40 per share, with the next dividend payable by March 29, 2024, to shareholders of record as of March 8, 2024. This decision underscores PSEG's commitment to providing consistent and sustainable dividend growth for its shareholders.
February 13, 2024 | 5:15 pm
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PSEG has raised its quarterly dividend to $0.60 per share, indicating a strong commitment to shareholder returns. This marks the 13th consecutive year of dividend increases.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. PSEG's consistent history of dividend payments and increases can attract income-focused investors, potentially leading to a positive short-term impact on the stock price.
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IMPORTANCE 90
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