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Tuesday, February 18, 2025

Public Service Enterprise Group Dividend Increase

On 11 February, Public Service Enterprise Group (PEG) increased its dividend by 5.00%, from 60¢ to 63¢ per share.
 
The dividend is payable on 31 March to shareholders of record on 10 March. 

PEG's contribution to DivGro's projected annual dividend income will increase by $18 to $378.
I own 150 PEG shares at an average cost of $56.13 per share. Following this increase, my yield on cost is 4.49%. (PEG's forward yield is 2.98% at $84.63 per share.) 

Since opening my position in September 2020, the stock has generated a total return of 65%, including $1,198 in dividend income. That's a strong annualized rate of return of 14.3%.

5-Year History of Dividend Payouts by Ex-Date
202020212022202320242025
$1.96$2.04$2.16$2.28$2.40$2.52
4.26%4.08%5.88%5.56%5.26%5.00%
5-year DGR:5.01%5.15%

projected, assuming no further changes


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