New Jersey utility Public Service Enterprise Group said Tuesday it's raising its quarterly dividend by 4.4% to 47 cents a share. The new dividend will be payable March 29 to shareholders of record as of March 8. Shares were slightly lower, but have gained 13.6% in the last 12 months, while the S&P 500 has gained 1.8%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.