LONDON, UK / ACCESSWIRE / March 06, 2018 / Active-Investors has a free review on Public Service Enterprise Group Incorporated (NYSE: PEG) ("PSEG") following the Company's announcement that it will begin trading ex-dividend on March 07, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on March 06, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on PEG:

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Dividend Declared

On February 20, 2018, PSEG's Board of Directors declared a quarterly common stock dividend for the first quarter of 2018 of $0.45 per share, payable on March 30, 2018, to shareholders of record on March 08, 2018. This action represents a $0.02 per share, or 4.7% increase in the Company's quarterly common stock dividend and brings the indicative annual dividend rate to $1.80 per share.

Ralph Izzo, Chairman, President, and Chief Executive Officer of PSEG, said:

"We are pleased to be able to continue PSEG's long history of paying a common dividend to the holders of our common stock. This latest increase represents the 14th increase in the common dividend in the past 15 years making this our 111th consecutive year of paying a common dividend to shareholders. Our strong balance sheet and business mix are expected to support consistent and sustainable growth in the common dividend."

PSEG's indicated dividend represents a yield of 3.77%, which is substantially above the average dividend yield of 2.66% for the Utilities sector. The Company has raised dividend for six years in a row.

Dividend Insight

PSEG has a dividend payout ratio of 58.4%, which denotes that the Company spends approximately $0.58 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, PSEG is forecasted to report earnings of $3.15 for the next year, which is considerably higher than the Company's annualized dividend of $1.80 per share.

As of December 31, 2017, PSEG's cash and cash equivalents totaled $313 million compared to $423 million as on December 31, 2016. For fiscal year ended December 31, 2017, the Company's net cash flows provided by operating activities totaled $3.26 billion compared to $3.31 billion in the year ago corresponding period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for PSEG

On February 08, 2018, PSEG Solar Source, a subsidiary of PSEG Power, a merchant power generation Company which is part of the Public Service Enterprise Group (PSEG) announced that it has acquired a 7 MW-dc solar energy facility from BayWa r.e., representing an investment of about $10 million. The PSEG Halifax Solar Energy Center began operations on December 21, 2017.

The PSEG Halifax Solar Energy Center has a 15-year power purchase agreement with Virginia Electric and Power Co. The facility occupies 28 acres that are under a 25-year lease with the Halifax-Northampton Regional Airport, located in Halifax, North Carolina.

PSEG Solar Source completed the acquisition of the project from BayWa r.e. on December 13, 2017. With this purchase, PSEG Solar Source now has 23 utility-scale solar facilities in operation in 14 states, including six in North Carolina.

Stock Performance Snapshot

March 05, 2018 - At Monday's closing bell, PSEG's stock was slightly up 0.78%, ending the trading session at $48.07.

Volume traded for the day: 4.36 million shares, which was above the 3-month average volume of 3.62 million shares.

Stock performance in the previous six-month period ? up 2.63%; and past twelve-month period ? up 5.58%

After yesterday's close, PSEG's market cap was at $24.63 billion.

Price to Earnings (P/E) ratio was at 29.40.

The stock has a dividend yield of 3.74%.

The stock is part of the Utilities sector, categorized under the Diversified Utilities industry. This sector was up 1.6% at the end of the session.

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