FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
NEWARK - Public Service Enterprise Group (NYSE:PEG) announced Monday that its Board of Directors has declared a quarterly dividend of $0.63 per share on the company’s outstanding common stock for the third quarter of 2025. According to InvestingPro data, PEG has maintained dividend payments for 55 consecutive years and raised them for 13 straight years, with a current yield of 2.99%.
The dividend will be payable on or before September 30, 2025, to shareholders of record as of September 9, 2025, according to a press release statement from the company.
PSEG is a predominantly regulated infrastructure company that operates New Jersey’s largest transmission and distribution utility. The company serves approximately 2.4 million electric and 1.9 million natural gas customers in the region.
The utility provider also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in New Jersey and Pennsylvania.
PSEG’s business operations include Public Service Electric and Gas Co. (PSE&G), PSEG Power, and PSEG Long Island. The company is a member of the S&P 500 Index and has been included in the Dow Jones Sustainability North America Index for 17 consecutive years.
In other recent news, Public Service Enterprise Group Inc. (PSEG) reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $1.43, compared to the forecast of $1.40. The company’s revenues also exceeded predictions, reaching $3.22 billion against the anticipated $3.11 billion. Despite this positive financial performance, the stock experienced a decline in pre-market trading. PSEG continues to invest in its regulated capital investment plan and reaffirmed its full-year earnings guidance. In related developments, UBS upgraded PSEG from Buy to Buy, raising the price target to $97.00 from $86.00, citing the company’s nuclear potential and consistent utility performance. UBS analysts believe PSEG can achieve EPS growth without issuing equity, highlighting the company’s potential value from nuclear power purchase agreements. These recent developments indicate PSEG’s strong operational performance and strategic investment in its nuclear and energy efficiency programs.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.