PSEG raises quarterly dividend 1.4% to 36c per share The board increased the quarterly dividend to 36c per share, a 1.4% increase over the company's existing quarterly dividend rate of 35.5c per share. The first dividend in 2013 is payable on March 29 to shareholders of record on March 8.
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PSEG plans to spend $12B in capital investments for next five years Cites the capital investments will be driven in transmission to maintain reliability. PSEG is implementing a 5-year capital program of $10B, a 20% increase in the level of spending over the prior five years. The additional investment is primarily due to PJM-mandated transmission upgrades to relieve projected system overloads and maintain reliability for millions of customers.