By Colin Kellaher
Public Service Enterprise Group's board has raised the utility holding company's quarterly dividend by 5%, to 63 cents from 60 cents.
The new payout, equal to $2.52 a year, represents an annual yield of about 3.03% based on Tuesday's early trading price of $83.21, up from 2.88%.
The Newark, N.J., company said the increased dividend is payable March 31 to shareholders of record March 10.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 11, 2025 09:52 ET (14:52 GMT)
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