Public Service Enterprise (PEG) increased its quarterly dividend by 5.26%, from 57¢ to 60¢ per share.
The dividend will be paid on 29 March to shareholders of record on 8 March 8. The ex-dividend date is 7 March.
PEG's contribution to DivGro's projected annual dividend income will increase by $36 to $720.
I own 300 shares of PEG at an average cost basis of $59.80 per share. Following this increase, my yield on cost is 4.01%. (PEG's forward yield is 4.01% at $59.79 per share).
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