Earnings Per Share (EPS) and Dividends

3 Months Ended

Mar. 31, 2024

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 March 31,
		2024	2023
			Basic		Diluted		Basic		Diluted
EPS Numerator (Millions):
Net Income			$	532	$	532	$	1,287	$	1,287
EPS Denominator (Millions):
Weighted Average Common Shares Outstanding			499		499		497		497
Effect of Stock Based Compensation Awards			—		1		—		3
Total Shares			499		500		497		500

EPS
Net Income			$	1.07	$	1.06	$	2.59	$	2.58

Dividends



	Three Months Ended
	March 31,
Dividend Payments on Common Stock		2024		2023
Per Share		$	0.60	$	0.57
In Millions		$	299	$	284

On April 16, 2024, PSEG’s Board of Directors approved a $0.60 per share common stock dividend for the second quarter of 2024.