PSEG (PEG) Dividend
Public Service Enterprise Group Incorporated · Utilities · Utilities - Regulated Electric · quarterly payer
As of Nov 5, 2026, PSEG (PEG) pays a quarterly dividend of $0.67 per share, or $2.68 a year, a 3.66% yield at its $72.46 share price. It pays every quarter, usually in March, June, September and December. It has raised its dividend 14 years in a row and has a dividend safety grade of A.
Forward Yield
3.66%
Annual Dividend
$2.68
Payout Ratio
75%
5-Yr Growth
5.2%
Ex-Date
Sep 9, 2026
Frequency
Quarterly
Key facts about PEG's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Public Service Enterprise Group Incorporated (PEG) has a forward dividend yield of 3.66%, based on an annual dividend of $2.68 per share and a share price of $72.46.
- As of Nov 5, 2026, PEG's dividend safety grade from SmarterDividends is A (92 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Public Service Enterprise Group Incorporated (PEG) has raised its dividend for 14 consecutive years as of Nov 5, 2026.
- PEG has never cut its regular dividend in the payment history SmarterDividends has on record.
- PEG's most recent ex-dividend date was Sep 9, 2026, for a dividend of $0.67 per share.
- As of Nov 5, 2026, PEG pays out 75% of its trailing 12-month earnings as dividends (its payout ratio).
- PEG's dividend has grown at an average rate of 5.2% a year over the past five years.
- As of Nov 5, 2026, PEG's 3.66% yield is 10% above its five-year average yield of 3.32%.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for PEG is $76.28 per share, 5% above the $72.46 share price, so PEG screens as fairly valued.
- Public Service Enterprise Group Incorporated (PEG) pays its dividend quarterly, 4 times a year.
- Public Service Enterprise Group Incorporated (PEG) has raised its regular dividend 34 times and cut it 0 times across the 187 payments on record since 1980. Its most recent change was a 6.3% increase to $0.670 per share, going ex-dividend on Mar 10, 2026.
- PSEG (PEG) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 6.3%, was declared on Feb 24, 2026.
Cite this page
SmarterDividends, "PEG Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/PEG
Is PEG a good dividend stock?
YesPublic Service Enterprise Group Incorporated (PEG) pays a quarterly dividend yielding 3.66% ($2.68/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 14 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 5.2% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 3.66%
- Payout Ratio
- 75%
- Annual Dividend
- $2.68
- 5-Yr Avg Growth
- 5.2%
- Ex-Dividend Date
- Sep 9, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 0.49
- Market Cap
- $36.1B
- P/E Ratio
- 20.5
- 5-Yr Total Return
- 19%
- 52-Week Range
- $66.15 – $87.63
- Dividend Safety
- A · 92/100
- Ever Cut?
- No
PEG dividend raises and cuts
Public Service Enterprise Group Incorporated (PEG) has raised its regular dividend 34 times and cut it 0 times across the 187 payments on record since 1980. Its most recent change was a 6.3% increase to $0.670 per share, going ex-dividend on Mar 10, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 10, 2026 | Raise | $0.630 → $0.670 | +6.3% |
| Mar 10, 2025 | Raise | $0.600 → $0.630 | +5.0% |
| Mar 7, 2024 | Raise | $0.570 → $0.600 | +5.3% |
| Mar 9, 2023 | Raise | $0.540 → $0.570 | +5.6% |
| Mar 9, 2022 | Raise | $0.510 → $0.540 | +5.9% |
| Mar 8, 2021 | Raise | $0.490 → $0.510 | +4.1% |
| Mar 9, 2020 | Raise | $0.470 → $0.490 | +4.3% |
| Mar 7, 2019 | Raise | $0.450 → $0.470 | +4.4% |
| Mar 7, 2018 | Raise | $0.430 → $0.450 | +4.7% |
| Mar 8, 2017 | Raise | $0.410 → $0.430 | +4.9% |
| Mar 8, 2016 | Raise | $0.390 → $0.410 | +5.1% |
| Mar 6, 2015 | Raise | $0.370 → $0.390 | +5.4% |
Show all 34 changes since 1980
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 5, 2014 | Raise | $0.360 → $0.370 | +2.8% |
| Mar 6, 2013 | Raise | $0.355 → $0.360 | +1.4% |
| Mar 7, 2012 | Raise | $0.343 → $0.355 | +3.5% |
| Mar 8, 2010 | Raise | $0.333 → $0.343 | +3.0% |
| Mar 6, 2009 | Raise | $0.323 → $0.333 | +3.1% |
| Mar 6, 2008 | Raise | $0.293 → $0.323 | +10.4% |
| Mar 7, 2007 | Raise | $0.285 → $0.293 | +2.6% |
| Mar 6, 2006 | Raise | $0.280 → $0.285 | +1.8% |
| Mar 7, 2005 | Raise | $0.275 → $0.280 | +1.8% |
| Mar 4, 2004 | Raise | $0.270 → $0.275 | +1.9% |
| Dec 2, 1991 | Raise | $0.265 → $0.270 | +1.9% |
| Dec 3, 1990 | Raise | $0.260 → $0.265 | +1.9% |
| Dec 1, 1989 | Raise | $0.255 → $0.260 | +2.0% |
| Dec 1, 1988 | Raise | $0.250 → $0.255 | +2.0% |
| Jun 1, 1987 | Raise | $0.247 → $0.250 | +1.4% |
| Jun 2, 1986 | Raise | $0.237 → $0.247 | +4.2% |
| Jun 3, 1985 | Raise | $0.227 → $0.237 | +4.4% |
| Jun 1, 1984 | Raise | $0.220 → $0.227 | +3.0% |
| May 31, 1983 | Raise | $0.213 → $0.220 | +3.1% |
| May 28, 1982 | Raise | $0.203 → $0.213 | +4.9% |
| Mar 2, 1981 | Raise | $0.193 → $0.203 | +5.2% |
| May 27, 1980 | Raise | $0.183 → $0.193 | +5.5% |
Frequently Asked Questions
Is PEG a good dividend stock?
Yes. Public Service Enterprise Group Incorporated (PEG) pays a quarterly dividend yielding 3.66% ($2.68/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is PEG undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PEG's fair value is about $76.28 versus a $72.46 share price — so it looks fairly valued (+5% vs. fair value).
Is PEG's dividend safe?
PEG has a dividend-safety grade of A (92/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is PEG's fair value?
Our blended fair-value estimate for PEG is about $76.28 per share, roughly 5% above the current $72.46 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is PEG a buy, hold, or sell?
We don't issue formal ratings, but on the data PEG screens as "yes" and fairly valued. Public Service Enterprise Group Incorporated (PEG) pays a quarterly dividend yielding 3.66% ($2.68/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will PEG cut its dividend?
PEG earns a dividend-safety grade of A (92/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does PEG pay a dividend?
Yes. Public Service Enterprise Group Incorporated pays a quarterly dividend of about $2.68 per share annually, a forward yield of roughly 3.66%.
How much dividend does 100 shares of PEG pay?
At $2.68 per share a year, 100 shares of PEG pay $268.00 a year in dividends before tax, about $67.00 each quarter. Buying them costs about $7,246 at the Nov 5, 2026 price.
What is PEG's dividend yield?
As of Nov 5, 2026, PEG's forward dividend yield is 3.66%, based on a $2.68 annual dividend and a $72.46 share price.
What is PEG's dividend per share?
As of Nov 5, 2026, PEG pays $2.68 per share per year, distributed on a quarterly basis.
What is PEG's dividend payout ratio?
As of Nov 5, 2026, PEG's payout ratio is 75% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has PEG grown its dividend?
As of Nov 5, 2026, PEG has increased its dividend for 14 consecutive years.
When is the next PEG ex-dividend date?
As of Nov 5, 2026, PEG's next ex-dividend date hasn't been announced. The most recent was Sep 9, 2026, for $0.67 per share.
PEG Price — Last 12 Months
Daily close
Price Return
1 Year
-11%
3 Years
+19%
5 Years
+19%
52-Week Range
$66.15 – $87.63
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PEG worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Public Service Enterprise Group Incorporated is $76.28 per share, versus a market price of $72.46. That implies the stock is roughly fairly priced.
Fair Value
$76.28
Current Price
$72.46
Gap
+5%
Margin of Safety
5%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 7.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 7.6% growth for five years fading to 2.5% over the next five, $4.02 EPS, $2.68 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PEG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PEG dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 9, 2026 | Sep 30, 2026 | $0.6700 | regular |
| Jun 9, 2026 | Jun 30, 2026 | $0.6700 | regular |
| Mar 10, 2026 | Mar 31, 2026 | $0.6700 | regular |
| Dec 10, 2025 | Dec 31, 2025 | $0.6300 | regular |
| Sep 9, 2025 | Sep 30, 2025 | $0.6300 | regular |
| Jun 9, 2025 | Jun 30, 2025 | $0.6300 | regular |
| Mar 10, 2025 | Mar 31, 2025 | $0.6300 | regular |
| Dec 10, 2024 | Dec 31, 2024 | $0.6000 | regular |
| Sep 9, 2024 | Sep 30, 2024 | $0.6000 | regular |
| Jun 7, 2024 | Jun 28, 2024 | $0.6000 | regular |
| Mar 7, 2024 | Mar 29, 2024 | $0.6000 | regular |
| Dec 7, 2023 | Dec 29, 2023 | $0.5700 | regular |
| Sep 7, 2023 | Sep 29, 2023 | $0.5700 | regular |
| Jun 8, 2023 | Jun 30, 2023 | $0.5700 | regular |
Income Calculator
At $2.68 / yr per share
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