Public Service Enterprise Reaffirmed Its 2024 Adjusted EPS Guidance Of $3.60 - $3.70 Vs. $3.68 Consensus
Portfolio Pulse from Benzinga Newsdesk
Public Service Enterprise (PSEG) has reaffirmed its 2024 adjusted EPS guidance of $3.60 to $3.70, aligning with the consensus of $3.68. Additionally, PSEG announced a $0.12 increase in its annual dividend rate to $2.40 per share, marking 117 consecutive years of dividend payments.
February 26, 2024 | 12:37 pm
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PSEG reaffirmed its 2024 adjusted EPS guidance of $3.60 to $3.70, consistent with consensus estimates, and increased its annual dividend to $2.40 per share.
Reaffirming the EPS guidance indicates confidence in the company's financial outlook, which is likely to be viewed positively by investors. The increase in the dividend rate further enhances shareholder value, signaling financial strength and a commitment to returning capital to shareholders. Both actions are likely to have a positive impact on investor sentiment and potentially the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100