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PSEG raises common stock dividend 4.7%

Public Service Enterprise Group Inc. raised its quarterly common stock dividend by 4.7% to 45 cents per share, or $1.80 per share on an annualized basis, according to a Feb. 20 release.

The first-quarter dividend is payable March 30 to shareholders of record March 8.

"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," PSEG Chairman, President and CEO Ralph Izzo said in a statement.