PSEG (PEG) Rewards Shareholders With 5.3% Dividend Hike

Public Service Enterprise Group Inc. (PEG) , also known as PSEG, recently announced that its board of directors has approved a 5.3% increase in its quarterly dividend rate. The revised quarterly dividend will be 60 cents, payable on Mar 29, 2024, to shareholders of record at the close of business on Mar 8, 2024.The company’s new annualized dividend rate is $2.40 per share, resulting in an annualized dividend yield of 4.10%, based on its share price of $58.55 as of Feb 13, 2024. The company’s current dividen ...