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Public Service Enterprise Group (PEG) has declared a quarterly cash dividend of $0.67 per share, continuing its long-standing payout tradition dating back to 1907. The dividend is scheduled for payment on June 30 to shareholders of record as of June 9. Alongside the dividend declaration, the company raised its long-term adjusted earnings growth outlook, citing robust regulated investments and nuclear power generation as primary drivers. Management expects this growth trajectory to further enhance shareholder value within the utility sector. This positive update reinforces investor confidence in the company's future financial performance and cash flow generation capabilities. Analysts view this move as a strong signal of operational stability amid current economic conditions.
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