PSEG raises quarterly dividend to 63c from 60c per share

PSEG (PEG) declared a 63c per share quarterly common stock dividend for the Q1, payable on or before March 31, to shareholders of record on March 10. The dividend represents an increase of 3c per share, bringing the 2025 indicative annual rate to $2.52 per share. “The 5% increase in the 2025 indicative annual dividend rate represents our 14th consecutive annual increase, successfully extending PSEG’s track record of delivering consistent and sustainable growth in the common dividend,” said Ralph LaRossa, CEO of PSEG. “Our long history of providing dividend income for 118 years is supported by our solid financial position, strong business mix and predictable growth.”