Public Service Enterprise Group Incorporated (NYSE:PEG) is included among the 14 Best Utility Dividend Stocks to Buy Now.
Public Service Enterprise Group Incorporated is a predominantly regulated energy company that engages in the provision of electric and gas services.
With a dividend history of 118 consecutive years, Public Service Enterprise Group Incorporated is known for its commitment to shareholders. On November 18, the company maintained this commitment by announcing a quarterly dividend of $0.63 per share to all shareholders as of the December 10 record date, payable on December 31, 2025.
It needs mentioning that Public Service Enterprise Group Incorporated reported better-than-expected results for its third quarter earlier this month, witnessing a double-digit YoY growth in both revenue and profits, driven primarily by the implementation of new electric and gas base distribution rates that took effect in October 2024. As a result, the company narrowed its FY 2025 earnings guidance to $4 to $4.06 per share from $3.94 to $4.06 per share previously.
Public Service Enterprise Group Incorporated also reaffirmed its adjusted operating earnings growth outlook of 5% to 7% through 2029, helped by its 5-year $22.5 billion – $26 billion capital investment program.
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