Public Service Enterprise Dividend Increase

Money, Profit, Finance, Business, Return, Yield

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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). 

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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. ...

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