PSEG Announces Q4 Dividend, Reinforces Commitment to Sustainable Energy Solutions
- PSEG declares a quarterly dividend of $0.63 per share to shareholders, reflecting strong operational performance.
- The company emphasizes sustainability with a carbon-free nuclear power fleet and a commitment to cleaner energy solutions.
- PSEG's recognition on sustainability indices showcases its dedication to environmental stewardship and balancing shareholder returns.
PSEG Declares Fourth Quarter Dividend Amid Commitment to Sustainable Energy
Public Service Enterprise Group (PSEG) announces a quarterly dividend of $0.63 per share on its outstanding common stock, set to be paid by December 31, 2025, to shareholders on record by December 10, 2025. This decision reflects PSEG's robust operational foundation as a leading utility provider, catering to approximately 2.4 million electric and 1.9 million natural gas customers across New Jersey. As the largest transmission and distribution utility in the state, PSEG's financial strategy underscores its commitment to delivering value to shareholders while maintaining a focus on sustainable energy solutions.
PSEG operates a diverse portfolio that includes a carbon-free, baseload nuclear power generation fleet with a capacity of 3,758 MW, strategically located in New Jersey and Pennsylvania. The company’s commitment to sustainability is embodied in its "Powering Progress" vision, which aims to foster a future characterized by reduced energy consumption and enhanced reliability. The emphasis on cleaner, safer energy is not only a hallmark of PSEG’s operational ethos but also a response to the growing demand for environmentally responsible energy solutions. By prioritizing these goals, PSEG positions itself as a forward-thinking leader in the utility sector, making significant strides toward a more sustainable energy landscape.
Recognized for its long-standing sustainability efforts, PSEG has maintained a position on the S&P 500 Index and has achieved 17 consecutive years on the Dow Jones Sustainability North America Index. These accolades highlight the company’s dedication to environmental stewardship and corporate responsibility. As PSEG continues to navigate the complexities of the energy market, it remains focused on balancing shareholder returns with its mission to provide reliable and sustainable energy solutions. This dual commitment not only enhances PSEG's market presence but also reinforces its role as a trusted partner in the energy transition.
In addition to its dividend announcement, PSEG emphasizes the importance of transparency regarding its operations and future outlooks. The company regularly issues forward-looking statements, which are subject to various risks and uncertainties that could impact anticipated outcomes. Stakeholders are encouraged to refer to PSEG’s Annual Report on Form 10-K and other SEC filings for detailed insights into these risks, ensuring that investment decisions are well-informed.
As PSEG advances its sustainability initiatives while delivering consistent shareholder value, it exemplifies a utility company poised to lead the energy sector into a cleaner and more efficient future.
