Energy giant Public Service Enterprise Group Inc. (ISIN: US7445731067, NYSE: PEG) will pay a quarterly dividend of 54 cents per share. The payment for the fourth quarter of 2022 will take place on December 30, 2022 (record day: December 9, 2022).
Extrapolated for the year, 2.16 US dollars are paid out. At the current share price of $57.34 (as of November 14, 2022), the current dividend yield is 3.76 percent. Public Service Enterprise Group has been paying a dividend for 115 years in a row. In February 2022, the dividend was increased by 5.9 percent to the current amount.
The Public Service Enterprise Group was founded in 1903. The company is based in Newark, in the US state of New Jersey. The company has around 2.2 million electricity customers and 1.8 million gas customers and, according to the company, serves around 70 percent of the population of the state of New Jersey. In the third quarter (September 30) of the fiscal year 2022, the group achieved operating sales of 2.27 billion US dollars (previous year: 1.90 billion US dollars). The bottom line was a profit of $114 million after a loss of $1.56 billion in the previous year, as reported on October 31, 2022. Operating income (non-GAAP) was $429 million (prior year: $495 million).
The stock has been down 14.07 percent on Wall Street since the beginning of 2022 (as of November 14, 2022). The market capitalization is currently 29.08 billion US dollars.
Editorial team MyDividends.de
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