PSEG announces $0.63 Q2 dividend per share

Published 22/04/2025, 20:02
PSEG announces $0.63 Q2 dividend per share

NEWARK, N.J. - Public Service Enterprise Group (NYSE: PEG), a leading energy company, announced a quarterly dividend of $0.63 per share for the second quarter of 2025, payable to shareholders of record as of June 9, 2025, with the payment date on or before June 30, 2025. According to InvestingPro data, PSEG has maintained dividend payments for 55 consecutive years, with a current dividend yield of 3.14%.

PSEG, known for operating New Jersey’s largest transmission and distribution utility, serves around 2.4 million electric and 1.9 million natural gas customers. The company also owns a significant nuclear power fleet in New Jersey and Pennsylvania, contributing to its carbon-free energy production portfolio. With a market capitalization of $40.9 billion and a P/E ratio of 22.93, PSEG stands as a significant player in the utility sector.

The company’s vision, Powering Progress, is aimed at fostering a future of reduced energy consumption that is cleaner, safer, and more reliable. PSEG has consistently been recognized for its sustainability efforts, including its 17-year presence on the Dow Jones Sustainability North America Index.

This dividend declaration is part of PSEG’s ongoing commitment to providing value to its shareholders and reflects the company’s stable financial position. The dividend is in line with the company’s historical payouts and represents a continuation of its regular quarterly dividends. InvestingPro analysis indicates the stock is currently overvalued based on its Fair Value calculations, with analyst price targets ranging from $70 to $100 per share.

Investors are advised that statements in the press release that are not strictly historical may be forward-looking and subject to various risks and uncertainties. These statements are based on current management beliefs and information and have been disclosed in compliance with the Private Securities Litigation Reform Act of 1995. PSEG’s financial filings with the Securities and Exchange Commission, which are available on its website, provide further detail on potential risk factors.

For more information and updates, investors and interested parties are encouraged to follow PSEG’s Investor Relations website, where new postings and email alerts are available. For deeper insights, InvestingPro subscribers can access comprehensive analysis, including 12+ additional ProTips and a detailed Pro Research Report, offering expert analysis of PSEG’s financial health, which currently rates as FAIR.

This news article is based on a press release statement from PSEG.

In other recent news, Public Service Enterprise Group Inc. (PSEG) reported fourth-quarter 2024 earnings that exceeded analyst expectations. The company achieved an earnings per share (EPS) of $0.84, surpassing the forecast of $0.83, and reported revenues of $2.46 billion, higher than the anticipated $2.19 billion. Additionally, PSEG completed a $1 billion senior notes offering, which included $600 million of 4.900% Senior Notes due 2030 and $400 million of 5.400% Senior Notes due 2035. Analyst firms have adjusted their perspectives on PSEG, with Ladenburg Thalmann downgrading the stock from Buy to Neutral due to revised earnings projections, while Jefferies cut the stock’s price target to $80 but maintained a Hold rating. BMO Capital Markets also revised its price target to $83, maintaining a Market Perform rating, as they expect PSEG’s first-quarter 2025 EPS to slightly exceed consensus estimates. These developments highlight the ongoing interest and analysis from investors and market watchers in PSEG’s financial performance and strategic initiatives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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