PSEG Announces Dividend for Quarter Featuring $0.63 per Share
PSEG Announces Dividend for Quarter Featuring $0.63 per Share
The Board of Directors of Public Service Enterprise Group (NYSE: PEG) has announced a projected dividend of $0.63 per share on the common stock owned by the company. This comes as an affirmation of PSEG’s commitment to its shareholders and the stability of its business performance.
Dividend Details
This dividend will be available to shareholders on or before June 30, set for those who are officially recorded by June 9. Such practices represent a tradition within the company of distributing profits back to the investors, reflecting not just past performances but also future commitments.
Understanding PSEG's Role
Public Service Enterprise Group (PSEG) operates as a significant entity in the energy sector, particularly in the vast New Jersey region. They manage one of the largest transmission and distribution utilities, catering to around 2.4 million electric customers and approximately 1.9 million customers relying on natural gas. Additionally, PSEG operates an independent fleet of nuclear power generating units, contributing a robust 3,758 MW of carbon-free energy across New Jersey and Pennsylvania.
Powering Progress Vision
PSEG’s vision, known as ‘Powering Progress’, goes beyond just supplying energy. It emphasizes a commitment to innovation in energy solutions that prioritize sustainability and reliability. By focusing on cleaner energy and resource management, PSEG aims to lead the transition toward more sustainable energy systems that facilitate less consumption while ensuring available and safe energy options for the community.
Sustainability Recognition
As an affirmation of its business practices, PSEG proudly holds a place in the S&P 500 Index and has been recognized in the Dow Jones Sustainability North America Index for 17 years in a row. This reflects not only their operational success but also their continual commitment to sustainability and corporate responsibility.
Investor Relations
PSEG is devoted to maintaining a transparent dialogue with its investors. Regular updates and essential information are shared through their corporate investor relations platform, where stakeholders can stay informed about PSEG's direction and performance. Interested parties often explore these resources to gain insights into future strategies and initiatives.
Contact Information
For inquiries related to investor relations or media, individuals can reach out to the respective departments through the appropriate contact pathways. Sustained communication is vital for the ongoing relationship PSEG maintains with its stakeholders.
Frequently Asked Questions
What is the declared dividend amount for PSEG?
PSEG has declared a dividend of $0.63 per share for the current quarter.
When will the dividend be paid?
The dividend is set to be paid on or before June 30 to shareholders of record by June 9.
What does PSEG do?
PSEG operates as an energy company that provides electricity and natural gas, focusing on sustainable and reliable energy solutions.
Is PSEG recognized for sustainability?
Yes, PSEG has been included in the Dow Jones Sustainability North America Index for 17 consecutive years, showcasing its commitment to sustainable practices.
How can investors learn more about PSEG?
Investors can visit PSEG's corporate investor relations website for the latest updates and important company information.
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