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PUBLIC SERVICE ENTERPRISE GROUP INCREASES QUARTERLY DIVIDEND BY ONE CENT

PUBLIC SERVICE ENTERPRISE GROUP INCREASES QUARTERLY DIVIDEND BY ONE CENT
    NEWARK, N.J., Nov. 19 /PRNewswire/ -- The board of directors of Public Service Enterprise Group Incorporated (NYSE: PEG) today declared a quarterly dividend of 54 cents per share on its common stock for the fourth quarter of 1991, an increase of one cent per share over the dividend paid in the third quarter.
    With the increase of approximately 2 percent, the annual indicated rate for the common stock dividend rises from $2.12 to $2.16.  The increase marks the 16th consecutive year that the company has raised the dividend on its common stock.
    In a related matter, the board of directors of Public Service Electric and Gas Company (PSE&G) declared a regular quarterly dividend on all series of PSE&G preferred stock.  PSE&G is the principal subsidiary of Enterprise.
    All dividends for the quarter are payable on or before Dec. 31 to stockholders of record on Dec. 6, 1991.
    -0-        11/19/91
    /CONTACT:  Neil Brown of PSE&G, 201-430-6017/
    (PEG) CO:  Public Service Enterprise Group Incorporated ST:  New Jersey IN:  UTI SU:  DIV SM-FC -- NY081 -- 5113 11/19/91 16:47 EST
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Publication:PR Newswire
Date:Nov 19, 1991
Words:196
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