NEWARK, N.J., Feb. 20, 2018 /PRNewswire/ -- The Board of
Directors of Public Service Enterprise Group (NYSE: PEG) today
declared a quarterly common stock dividend for the first quarter of
2018 of $0.45 per share payable on
March 30, 2018 to shareholders of
record on March 8, 2018. This action
represents a $0.02 per share, or 4.7%
increase in the company's quarterly common stock dividend and
brings the indicative annual dividend rate to $1.80 per share.
Ralph Izzo, Chairman, President
and Chief Executive Officer, said, "We are pleased to be able to
continue PSEG's long history of paying a common dividend to the
holders of our common stock. This latest increase represents the
14th increase in the common dividend in the past 15
years making this our 111th consecutive year of paying a
common dividend to shareholders. Our strong balance sheet and
business mix are expected to support consistent and sustainable
growth in the common dividend."
All future decisions regarding dividends on the common stock are
subject to approval by the Board of Directors.
Forward-Looking Statement
The statements contained in this press release that are not
purely historical are "forward-looking statements" within the
meaning of The Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and
uncertainties, which could cause actual results to differ
materially from those anticipated. Such statements are based on
management's beliefs as well as assumptions made by and information
currently available to management. Factors that may cause actual
results to differ materially from those contemplated in any
forward-looking statements made by us herein are discussed in our
Annual Report on Form 10-K and subsequent reports on Form 10-Q and
Form 8-K filed with the Securities and Exchange Commission (SEC),
and available on our website: http://investor.pseg.com.
All of the forward-looking statements made in this press release
are qualified by these cautionary statements and we cannot assure
you that the results or developments anticipated by management will
be realized or even if realized, will have the expected
consequences to, or effects on, us or our business, prospects,
financial condition, results of operations or cash flows. Readers
are cautioned not to place undue reliance on these forward-looking
statements in making any investment decision. Forward-looking
statements made in this press release apply only as of the date
hereof. While we may elect to update forward-looking statements
from time to time, we specifically disclaim any obligation to do
so, even in light of new information or future events, unless
otherwise required by applicable securities laws.
From time to time, PSEG, PSE&G and PSEG Power release
important information via postings on their corporate website
at http://investor.pseg.com. Investors and other
interested parties are encouraged to visit the corporate website to
review new postings. The "Email Alerts" link at
http://investor.pseg.com may be used to
enroll to receive automatic email alerts and/or Really Simple
Syndication (RSS) feeds regarding new postings.
Visit PSEG at:
www.pseg.com
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PSEG on LinkedIn
PSEG blog, Energize!
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SOURCE Public Service Enterprise Group (PSEG)