Public Service Enterprise Group's latest quarterly dividend was on Dec 8, 2022 (ex-date) with a payout of $0.54 per share. On an annualized basis, the company has a current payout of $2.16 per share. This brings the dividend yield to 3.78% based on its recent close price.
Public Service Enterprise Group's dividend yield of 3.78% is higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 3.27%, Public Service Enterprise Group's dividend yield is 16% higher. The historical 5-year average of PEG's dividend yield is 3.3%, which is lower than the current one.
Public Service Enterprise Group has been paying dividends since 1994. PEG has distributed three quarterly dividends in the past year. The annualized dividend per share has increased by 4.3% since twelve months ago. And with the price of the stock down by 15% from a year ago, the dividend yield has increased by 23%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 104.3% is above the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 62.6%, Public Service Enterprise Group's payout ratio is 67% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NRG Nrg Energy Inc | 4.6% | $1.43 | 27.6% |
| DUK Duke Energy CORP | 4.37% | $4 | 126.2% |
| FE Firstenergy Corp | 4.13% | $1.56 | 219.7% |
| SO Southern Co | 4.1% | $2.72 | 82.9% |
| PEG Public Service Enterprise Group Inc | 3.81% | $2.16 | 104.3% |
| EXC Exelon Corp | 3.5% | $1.37 | 62.4% |
| ED Consolidated Edison Inc | 3.47% | $3.18 | 67.9% |
| PPL PPL Corp | 3.38% | $0.88 | 85% |
| XEL Xcel Energy Inc | 3.08% | $1.95 | 61.4% |
| UTL Unitil Corp | 2.98% | $1.58 | 60.8% |
| AEE Ameren Corp | 2.93% | $2.36 | 56.7% |
Yes, Public Service Enterprise Group has paid three dividends in the last twelve months. PEG has been paying dividends since 1994.
At this point we don't have a record of PEG's next dividend date, but based on the current dividend schedule we project that it will likely be in March 2023.
Public Service Enterprise Group's last dividend ex-date was on Dec 8, 2022. The dividend amount was $0.54 per share.
PEG has paid dividend of $2.16 per share in the last year.
The current dividend yield of Public Service Enterprise Group is 3.78%.
Public Service Enterprise Group has a quarterly dividend frequency.
The dividend payout ratio of Public Service Enterprise Group is 104.3%.
Public Service Enterprise Group's dividend yield is higher than the Utilities sector average.