PSEG Declares Regular Quarterly Dividend for Second Quarter of 2023

Rhea-AI Summary

The Board of Directors of Public Service Enterprise Group (NYSE:PEG) has declared a $0.57 per share dividend for common stock for the second quarter of 2023. This dividend is payable on or before June 30, 2023, to shareholders of record as of June 9, 2023. The announcement reflects the company's commitment to returning value to its shareholders. PSEG is a diversified energy company with several operating subsidiaries, including Public Service Electric and Gas Company and PSEG Power.

Positive

• Declaring a $0.57 per share dividend indicates strong financial performance.
• The dividend payment demonstrates the company's commitment to shareholder value.
• The dividend is payable on June 30, 2023, which supports income for shareholders.

Negative

• None.

NEWARK, N.J., April 18, 2023 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE:PEG) today declared a $0.57 per share dividend on the outstanding common stock of the company for the second quarter of 2023.

All dividends for the second quarter are payable on or before June 30, 2023, to shareholders of record on June 9, 2023.

Forward-Looking Statement

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 Alerts webpage here.

CONTACTS:
Investor Relations	Media Relations
Carlotta Chan	Alyana Alfaro Post
973-430-6565	973-886-0938
Carlotta.Chan@pseg.com	Alyana.AlfaroPost@pseg.com

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SOURCE PSEG

FAQ

What is the dividend amount declared by PEG for Q2 2023?

PEG declared a dividend of $0.57 per share for the second quarter of 2023.

When will the PEG dividend be paid?

The PEG dividend will be payable on or before June 30, 2023.

What is the record date for the PEG dividend?

The record date for the PEG dividend is June 9, 2023.