NEWARK, N.J., Nov. 16, 2021 /PRNewswire/ -- The Board of
Directors of Public Service Enterprise Group (NYSE:PEG) today
declared a $0.51 per share dividend
on the outstanding common stock of the company for the fourth
quarter of 2021.
All dividends for the fourth quarter are payable on or before
December 31, 2021, to shareholders of
record on December 9, 2021.
Additionally, in connection with the company's investor
conference held in late September
2021, the company announced a $500
million share repurchase program to be implemented upon the
close of the Fossil sale. Today, the Board authorized senior
management to implement the share repurchase program at such time
as senior management deemed appropriate in its discretion, whether
before or after the closing of the Fossil sale. Transactions that
comprise the Fossil sale, which are not cross-conditioned between
the two transaction agreements and may be completed independently,
are expected to be completed late in the fourth quarter of 2021 or
the first quarter of
2022.
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: https://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 Investor
Relations website at https://investor.pseg.com.
Investors and other interested parties are encouraged to visit the
Investor Relations website to review new postings. You can
sign up for automatic email alerts regarding new postings at the
bottom of the webpage at
https://investor.pseg.com.
CONTACTS:
|
|
Investor
Relations
|
Media
Relations
|
Carlotta
Chan
|
Marijke
Shugrue
|
973-430-6565
|
908-531-4253
|
Carlotta.Chan@pseg.com
|
Marijke.Shugrue@pseg.com
|
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SOURCE PSEG