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Public Service Enterprise Group (Public Service Enterprise Group) 3-Year Dividend Growth Rate

: 5.20% (As of Dec. 2023)
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Public Service Enterprise Group's Dividends per Share for the three months ended in Dec. 2023 was $0.57.

The historical rank and industry rank for Public Service Enterprise Group's 3-Year Dividend Growth Rate or its related term are showing as below:

PEG' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.5   Med: 2.9   Max: 11.5
Current: 5.2

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Public Service Enterprise Group was 11.50% per year. The lowest was 0.50% per year. And the median was 2.90% per year.

PEG's 3-Year Dividend Growth Rate is ranked better than
51.36% of 294 companies
in the Utilities - Regulated industry
Industry Median: 5 vs PEG: 5.20

During the past 12 months, Public Service Enterprise Group's average Dividends Per Share Growth Rate was 5.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Public Service Enterprise Group's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.59. As of today, Public Service Enterprise Group's Dividend Yield % is 3.47%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Utilities - Regulated Electric subindustry, Public Service Enterprise Group's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Public Service Enterprise Group 3-Year Dividend Growth Rate Distribution

For the Utilities - Regulated industry and Utilities sector, Public Service Enterprise Group's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Public Service Enterprise Group's 3-Year Dividend Growth Rate falls into.



Public Service Enterprise Group 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Public Service Enterprise Group  (NYSE:PEG) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Public Service Enterprise Group's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.57/ 0.975
=0.58

During the past 13 years, the highest Dividend Payout Ratio of Public Service Enterprise Group was 1.03. The lowest was 0.47. And the median was 0.62.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Public Service Enterprise Group Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.6002024-03-072024-03-082024-03-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.5702023-12-072023-12-082023-12-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.5702023-09-072023-09-082023-09-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.5702023-06-082023-06-092023-06-30Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Public Service Enterprise Group's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.31/66.64
=3.47 %

Current Share Price is $66.64.
Public Service Enterprise Group's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.31.

During the past 13 years, the highest Dividend Yield of Public Service Enterprise Group was 4.97%. The lowest was 2.80%. And the median was 3.54%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Public Service Enterprise Group 3-Year Dividend Growth Rate Related Terms>


Public Service Enterprise Group (Public Service Enterprise Group) Business Description

Traded in Other Exchanges
Address
80 Park Plaza, Newark, NJ, USA, 07102
Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy projects. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4.2 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system. In 2022, the company sold its gas and oil power plants in the mid-Atlantic, New York, and the Northeast.
Executives
Rose M Chernick officer: Vice President and Controller 80 PARK PLAZA, T4B, NEWARK NJ 07102
Ralph A Larossa officer: President & COO - PSE&G PSEG, 80 PARK PLAZA, NEWARK NJ 07102
Kenneth Tanji director 751 BROAD STREET, 5TH FLOOR, ATTN: REGULATORY FILINGS UNIT, NEWARK NJ 07102
Eric Carr officer: President & COO - PSEG Power PO BOX 236, HANCOCKS BRIDGE NJ 08038
Sheila J Rostiac officer: SVP HR & CHRO & CDO 80 PARK PLAZA, NEWARK NJ 07102
Richard T Thigpen officer: SVP Corporate Citizenship 80 PARK AVENUE, NEWARK NJ 07102
Ralph Izzo officer: President and COO - PSE&G PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Jamie M Gentoso director 80 PARK PLAZA, NEWARK NJ 07102
Valerie Ann Smith director 80 PARK PLAZA, NEWARK NJ 07102
Kim C Hanemann officer: President and COO - PSE&G 1500 RONSON ROAD, ISELIN NJ 08830
Tamara Louise Linde officer: EVP & General Counsel 80 PARK PLAZA, T4, NEWARK NJ 07102
Daniel J Cregg officer: Executive VP & CFO 80 PARK PLAZA, T4, NEWARK NJ 07102
Scott G Stephenson director C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310-1686
John P Surma director
Derek M Dirisio officer: Vice President and Controller PSEG, 80 PARK PLAZA, NEWARK NJ 07102