Public Service Enterprise Group (NYSE:PEG) Will Pay A Dividend Of $0.60

Simply Wall St.11-22

The board of Public Service Enterprise Group Incorporated (NYSE:PEG) has announced that it will pay a dividend of $0.60 per share on the 31st of December. This takes the annual payment to 2.6% of the ...

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This takes the annual payment to 2.6% of the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/public-enterprise-group-nyse-peg-102031180.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NYSE","symbol_name":"纽交所","start_time":0,"source_url":"https://finance.yahoo.com/news/public-enterprise-group-nyse-peg-102031180.html","article_id":"2485925869","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/naUy9BSoI62CZsfZfNs5GQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/e44b48510541f08ce6d7c1a7b2f6b239"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485925869","pubTimestamp":1732270831,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The board of Public Service Enterprise Group Incorporated  has announced that it will pay a dividend of $0.60 per share on the 31st of December. This takes the annual payment to 2.6% of the current stock price, which unfortunately is below what the industry is paying.Check out our latest analysis for Public Service Enterprise Group. Public Service Enterprise Group's Payment Could Potentially Have Solid Earnings Coverage. The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Prior to this announcement, Public Service Enterprise Group's earnings easily covered the dividend, but free cash flows were negative. No cash flows could definitely make returning cash to shareholders difficult, or at least mean the balance sheet will come under pressure.Looking forward, earnings per share is forecast to rise by 8.2% over the next year. 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This takes the annual payment to 2.6% of the current stock price, which unfortunately is below what the industry is paying. \n Check out our latest analysis for Public Service Enterprise Group \nPublic Service Enterprise Group's Payment Could Potentially Have Solid Earnings Coverage\n The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Prior to this announcement, Public Service Enterprise Group's earnings easily covered the dividend, but free cash flows were negative. No cash flows could definitely make returning cash to shareholders difficult, or at least mean the balance sheet will come under pressure. \n Looking forward, earnings per share is forecast to rise by 8.2% over the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 57%, which is in the range that makes us comfortable with the sustainability of the dividend. \n\n\n\n  NYSE:PEG Historic Dividend November 22nd 2024\n \n\nPublic Service Enterprise Group Has A Solid Track Record\n The company has a sustained record of paying dividends with very little fluctuation. Since 2014, the dividend has gone from $1.48 total annually to $2.40. This works out to be a compound annual growth rate (CAGR) of approximately 5.0% a year over that time. Slow and steady dividend growth might not sound that exciting, but dividends have been stable for ten years, which we think makes this a fairly attractive offer. \nPublic Service Enterprise Group Could Grow Its Dividend\n Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. It's encouraging to see that Public Service Enterprise Group has been growing its earnings per share at 7.2% a year over the past five years. While on an earnings basis, this company looks appealing as an income stock, the cash payout ratio still makes us cautious. \nOur Thoughts On Public Service Enterprise Group's Dividend\n Overall, this is probably not a great income stock, even though the dividend is being raised at the moment. While the low payout ratio is a redeeming feature, this is offset by the minimal cash to cover the payments. This company is not in the top tier of income providing stocks. \n Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For example, we've identified 3 warning signs for Public Service Enterprise Group (1 is significant!) that you should be aware of before investing. Is Public Service Enterprise Group not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks.  \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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