Earnings Per Share (EPS) and Dividends (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Basic And Diluted Earnings Per Share Computation

The following table shows the effect of these stock options, performance share units and restricted stock units on the weighted average number of shares outstanding used in calculating diluted EPS:

	Three Months Ended March 31,
	2021				2020
	Basic		Diluted		Basic		Diluted
EPS Numerator (Millions):
Net Income	$	648	$	648	$	448	$	448
EPS Denominator (Millions):
Weighted Average Common Shares Outstanding	504		504		504		504
Effect of Stock Based Compensation Awards	—		3		—		3
Total Shares	504		507		504		507
EPS
Net Income	$	1.29	$	1.28	$	0.89	$	0.88

Dividend Payments On Common Stock

Dividends

	Three Months Ended
	March 31,
Dividend Payments on Common Stock	2021		2020
Per Share	$	0.51	$	0.49
In Millions	$	258	$	248

On April 20, 2021, the PSEG Board of Directors approved a $0.51 per share common stock dividend for the second quarter of 2021.