Indicative Annual Dividend Rate Increases to
$2.40 Per Share
Marks PSEG's 117th Year of Paying a
Common Dividend
NEWARK,
N.J., Feb. 13, 2024 /PRNewswire/ -- The
Board of Directors of Public Service Enterprise Group (NYSE: PEG)
today declared a $0.60 per share
quarterly common stock dividend for the first quarter of 2024,
payable on or before March 29, 2024,
to shareholders of record on March 8,
2024. This action represents an increase of $0.03 per share in the company's quarterly common
stock dividend, bringing the 2024 indicative annual rate to
$2.40 per share.
"The increase in the 2024 indicative rate represents our
13th consecutive annual increase and extends PSEG's
track record to 117 years of providing dividend income and the
opportunity for consistent and sustainable dividend growth for
shareholders," said Ralph LaRossa,
chair, president and chief executive officer of PSEG.
All future decisions regarding dividends on the common stock are
subject to approval by the Board of Directors.
CONTACTS:
|
|
Investor
Relations
|
Media
Relations
|
Carlotta
Chan
|
Marijke
Shugrue
|
973-430-6565
|
862-465-1445
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Carlotta.Chan@pseg.com
|
Marijke.Shugrue@pseg.com
|
Forward-Looking Statements
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 and PSE&G 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 or by navigating to the Email
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SOURCE PSEG