Public Service Enterprise Dividend Increase

Money, Profit, Finance, Business, Return, Yield

Image Source: Pixabay

Public Service Enterprise Group Incorporated (PEG) recently increased its quarterly dividend by 5.26%, from 57 cents to 60 cents per share. The dividend will be paid on March 29 to shareholders of record on March 8. The ex-dividend date is March 7.

The stock's contribution to my portfolio's projected annual dividend income will increase by $36 to $720.

I own 300 shares of PEG at an average cost basis of $59.80 per share. Following this increase, my yield on cost is 4.01% (PEG's forward yield is 4.01% at $59.79 per share). 


More By This Author:

Coca-Cola Dividend Increase
Cisco Systems Dividend Increase
PEP Dividend Increase

Disclaimer: I'm not an investment professional or a licensed financial advisor. This article represents my personal views and decisions, which may not be appropriate for other investors. ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.