Public Service Enterprise Group's latest quarterly dividend was on Mar 7, 2024 (ex-date) with a payout of $0.6 per share. On an annualized basis, the company has a current payout of $2.31 per share. This brings the dividend yield to 3.46% based on its recent close price. The latest dividend has increased by $0.03, or 5% from the prior distribution.
Public Service Enterprise Group's dividend yield of 3.46% is lower than the Utilities sector, the industry and its peers average. But in comparison with the Utilities sector average of 3.52%, Public Service Enterprise Group's dividend yield is only 1.7% lower. The historical 5-year average of PEG's dividend yield is 3.4%, which is in line with the current one.
Public Service Enterprise Group has been paying dividends since 1994. PEG has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 5% since twelve months ago. And with the price of the stock up by 4.1% from a year ago, the dividend yield has increased by 1.3%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 7, 2024 | Mar 29, 2024 | Feb 13, 2024 | $0.6 | normal |
| Dec 7, 2023 | Dec 29, 2023 | Nov 21, 2023 | $0.57 | normal |
| Sep 7, 2023 | Sep 29, 2023 | Jul 17, 2023 | $0.57 | normal |
| Jun 8, 2023 | Jun 30, 2023 | Apr 18, 2023 | $0.57 | normal |
| Mar 9, 2023 | Mar 31, 2023 | Feb 14, 2023 | $0.57 | normal |
| Dec 8, 2022 | Dec 30, 2022 | Nov 14, 2022 | $0.54 | normal |
| Sep 8, 2022 | Sep 30, 2022 | Jul 19, 2022 | $0.54 | normal |
| Jun 8, 2022 | Jun 30, 2022 | Apr 19, 2022 | $0.54 | normal |
| Mar 9, 2022 | Mar 31, 2022 | Feb 15, 2022 | $0.54 | normal |
| Dec 8, 2021 | Dec 31, 2021 | Nov 16, 2021 | $0.51 | normal |
| Sep 7, 2021 | Sep 30, 2021 | Jul 20, 2021 | $0.51 | normal |
| Jun 7, 2021 | Jun 30, 2021 | Apr 20, 2021 | $0.51 | normal |
| Mar 8, 2021 | Mar 31, 2021 | Feb 16, 2021 | $0.51 | normal |
| Dec 9, 2020 | Dec 31, 2020 | Nov 17, 2020 | $0.49 | normal |
| Sep 8, 2020 | Sep 30, 2020 | Jul 21, 2020 | $0.49 | normal |
| Jun 8, 2020 | Jun 30, 2020 | Apr 21, 2020 | $0.49 | normal |
| Mar 9, 2020 | Mar 31, 2020 | Feb 18, 2020 | $0.49 | normal |
| Dec 9, 2019 | Dec 31, 2019 | Nov 19, 2019 | $0.47 | normal |
| Sep 6, 2019 | Sep 30, 2019 | Jul 16, 2019 | $0.47 | normal |
| Jun 6, 2019 | Jun 28, 2019 | Apr 16, 2019 | $0.47 | normal |
| Mar 7, 2019 | Mar 29, 2019 | Feb 19, 2019 | $0.47 | normal |
| Dec 6, 2018 | Dec 31, 2018 | Nov 20, 2018 | $0.45 | normal |
| Sep 6, 2018 | Sep 28, 2018 | Jul 17, 2018 | $0.45 | normal |
| Jun 7, 2018 | Jun 29, 2018 | Apr 17, 2018 | $0.45 | normal |
| Mar 7, 2018 | Mar 30, 2018 | Feb 20, 2018 | $0.45 | normal |
| Dec 7, 2017 | Dec 29, 2017 | Nov 21, 2017 | $0.43 | normal |
| Sep 7, 2017 | Sep 29, 2017 | Jul 18, 2017 | $0.43 | normal |
| Jun 7, 2017 | Jun 30, 2017 | Apr 18, 2017 | $0.43 | normal |
| Mar 8, 2017 | Mar 31, 2017 | Feb 21, 2017 | $0.43 | normal |
| Dec 7, 2016 | Dec 30, 2016 | Nov 15, 2016 | $0.41 | normal |
| Sep 7, 2016 | Sep 30, 2016 | Jul 19, 2016 | $0.41 | normal |
| Jun 7, 2016 | Jun 30, 2016 | Apr 19, 2016 | $0.41 | normal |
| Mar 8, 2016 | Mar 31, 2016 | Feb 16, 2016 | $0.41 | normal |
| Dec 7, 2015 | Dec 31, 2015 | Nov 19, 2015 | $0.39 | normal |
| Sep 4, 2015 | Sep 30, 2015 | Jul 21, 2015 | $0.39 | normal |
Public Service Enterprise Group's payout ratio of 44.9% is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 65.4%, Public Service Enterprise Group's payout ratio is 31% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FE Firstenergy Corp | 4.2% | $1.6 | 83.3% |
| DUK Duke Energy CORP | 4.15% | $4.08 | 115.3% |
| EXC Exelon Corp | 3.89% | $1.46 | 62.4% |
| SO Southern Co | 3.82% | $2.8 | 76.9% |
| XEL Xcel Energy Inc | 3.81% | $2.11 | 65.7% |
| PPL PPL Corp | 3.59% | $0.98 | 97.8% |
| ED Consolidated Edison Inc | 3.51% | $3.26 | 45% |
| PEG Public Service Enterprise Group Inc | 3.47% | $2.31 | 44.9% |
| AEE Ameren Corp | 3.46% | $2.56 | 58.3% |
| UTL Unitil Corp | 3.23% | $1.64 | 58.2% |
| NRG Nrg Energy Inc | 2.15% | $1.54 | N/A |
Yes, Public Service Enterprise Group has paid four dividends in the last twelve months. PEG has been paying dividends since 1994.
PEG's next dividend is scheduled on Jun 7, 2024 (ex-date).
Public Service Enterprise Group's last dividend ex-date was on Mar 7, 2024. The dividend amount was $0.6 per share.
PEG has paid dividend of $2.31 per share in the last year.
The current dividend yield of Public Service Enterprise Group is 3.46%.
Public Service Enterprise Group has a quarterly dividend frequency.
The dividend payout ratio of Public Service Enterprise Group is 44.9%.
Public Service Enterprise Group's dividend yield is in line with the Utilities sector average.