PSEG Declares 3.6% Increase in Quarterly Dividend
The board of directors of Public Service Enterprise Group (NYSE: PEG) declared a 3.6% increase in the company's common stock dividend today. PSEG has paid annual dividends on an uninterrupted basis since 1907.
The board increased the quarterly dividend to 35.5 cents per share, a 3.6% increase over the company's existing quarterly dividend rate of 34.25 cents per share. The first dividend in 2012 is payable on March 31, 2012, to shareholders of record on March 9, 2012.
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