On 11 February, Public Service Enterprise Group (PEG) increased its dividend by 5.00%, from 60¢ to 63¢ per share.
The dividend is payable on 31 March to shareholders of record on 10 March.
PEG’s contribution to DivGro’s projected annual dividend income will increase by $18 to $378.
I own 150 PEG shares at an average cost of $56.13 per share. Following this increase, my yield on cost is 4.49%. (PEG’s forward yield is 2.98% at $84.63 per share.)
Since opening my position in September 2020, the stock has generated a total return of 65%, including $1,198 in dividend income. That’s a strong annualized rate of return of 14.3%.
5-Year History of Dividend Payouts by Ex-Date
| 2020 | 2021 | 2022 | 2023 | 2024 | • | 2025 |
| $1.96 | $2.04 | $2.16 | $2.28 | $2.40 | ⬆ | $2.52✝ |
| 4.26% | 4.08% | 5.88% | 5.56% | 5.26% | ⬇ | 5.00% |
| 5-year DGR: | 5.01% | ⬆ | 5.15% | |||
✝projected, assuming no further changes