Public Service Enterprise Named Top Dividend Stock of the Dow Utilities

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Sep 05, 2013
According to the Dividend Channel, Public Service Enterprise (PEG) has been named as the “Top Dividend Stock of the Dow Utilities” as of its most recent DividendRank report. The report states that Public Service Enterprise has demonstrated “attractive valuation metrics” as well as “strong profitability metrics.”

Public Service Enterprise Group’s current annualized dividend is $1.44 per share which is currently paid in quarterly installments. The company most recently went ex-dividend on Sept. 4. Most recently, the company declared a dividend of $0.36 per share on July 16 which is payable on Sept. 30, 2013, to shareholders of the record on Sept. 6, 2013.

The company’s historical dividend growth is as follows:

· 10-year: 3.4%

· 5-year: 2.2%

· 3-year: 2.2%

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As of the company’s most recent quarterly dividend, Public Service Enterprise Group offers a dividend yield of 4.50%.

You can check out more of Public Service Enterprise’s historical data by looking at the company’s new Dividend Page.

Public Service Enterprise Group is an integrated generation and energy company. Its main subsidiaries are Public Service Electric and Gas Company (PSE&G), PSEG Power and PSEG Energy Holdings.

Public Service Enterprise’s historical pricing:

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PEG’s historical revenue and net income:

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The company’s share price is currently at $31.89 which represents a price-to-book ratio of 1.5. The company is also trading at a P/E ratio of 13.20 and a P/S ratio of 1.60.

The Peter Lynch Chart suggests that the company is currently undervalued:

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The GuruFocus analysis on Public Service Enterprise reports that the company’s revenue has been in decline over the past five years, the operating margin is expanding and the P/B ratio is nearing a 10-year low of 1.37.

Public Service Enterprise has a market cap of $16.13 billion. The company has had an annual average earnings growth of 3.7% over the past ten years.

As of the second quarter, there were nine gurus that held a position in PEG. James Barrow holds the largest position with 20,204,258 shares, representing 3.99% of the company’s shares outstanding. Click here to see these gurus’ holding histories.