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Earnings Per Share (EPS) and Dividends
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share (EPS) and Dividends Earnings Per Share (EPS) and Dividends
EPS
Basic EPS is calculated by dividing Net Income by the weighted average number of shares of common stock outstanding. Diluted EPS is calculated by dividing Net Income by the weighted average number of shares of common stock outstanding, plus dilutive potential shares related to PSEG’s stock based compensation. The following table shows the effect of these dilutive potential shares on the weighted average number of shares outstanding used in calculating diluted EPS:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
BasicDilutedBasicDilutedBasicDilutedBasicDiluted
EPS Numerator (Millions):
Net Income $434 $434 $591 $591 $966 $966 $1,878 $1,878 
EPS Denominator (Millions):
Weighted Average Common Shares Outstanding498 498 497 497 498 498 497 497 
Effect of Stock Based Compensation Awards— 2 — 3 — 2 — 3 
Total Shares498 500 497 500 498 500 497 500 
EPS
Net Income $0.87 $0.87 $1.19 $1.18 $1.94 $1.93 $3.78 $3.76 
Dividends
Three Months EndedSix Months Ended
 June 30,June 30,
Dividend Payments on Common Stock2024202320242023
Per Share$0.60 $0.57 $1.20 $1.14 
In Millions$299 $285 $598 $569 
On July 15, 2024, PSEG’s Board of Directors approved a $0.60 per share common stock dividend for the third quarter of 2024.