filings.toolsItem 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed on the New York Stock Exchange, Inc. under the trading symbol “PEG.” As of February 21, 2025, there were 45,779 registered holders.
The following graph shows a comparison of the five-year cumulative return assuming $100 invested on December 31, 2019 in our common stock and the subsequent reinvestment of quarterly dividends, the S&P Composite Stock Price Index, the Dow Jones Utilities Index and the S&P Electric Utilities Index.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |||||||||||||||||||||
| PSEG | $ | 100.00 | $ | 102.37 | $ | 121.14 | $ | 114.98 | $ | 119.14 | $ | 169.91 | ||||||||||||||
| S&P 500 | $ | 100.00 | $ | 118.39 | $ | 152.34 | $ | 124.73 | $ | 157.48 | $ | 196.85 | ||||||||||||||
| DJ Utilities | $ | 100.00 | $ | 101.68 | $ | 119.44 | $ | 121.88 | $ | 115.43 | $ | 133.53 | ||||||||||||||
| S&P Utilities | $ | 100.00 | $ | 100.52 | $ | 118.29 | $ | 120.14 | $ | 111.63 | $ | 137.79 | ||||||||||||||
On February 11, 2025, our Board of Directors approved a $0.63 per share common stock dividend for the first quarter of 2025. This reflects an indicative annual dividend rate of $2.52 per share. We expect to continue to pay cash dividends on our common stock; however, the declaration and payment of future dividends to holders of our common stock will be at the
discretion of the Board of Directors and will depend upon many factors, including our financial condition, earnings, capital requirements of our businesses, alternate investment opportunities, legal requirements, regulatory constraints, industry practice and other factors that the Board of Directors deems relevant.
The following table indicates the securities authorized for issuance under equity compensation plans as of December 31, 2024:
| Plan Category | Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights (a) | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights (b) | Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans (excluding securities reflected in column (a)) (c) | |||||||||||
| Equity Compensation Plans Approved by Security Holders | — | $ | — | 7,082,420 | ||||||||||
| Equity Compensation Plans Not Approved by Security Holders | — | — | — | |||||||||||
| Total | — | $ | — | 7,082,420 | ||||||||||
The number of shares available for future issuance includes amounts remaining under our 2021 Long-Term Incentive Plan (2021 LTIP) and 2021 Equity Compensation Plan for Outside Directors and the Employee Stock Purchase Plan and reflect a reduction for non-vested restricted stock units and performance share units (PSUs) (assumed at target payout). The number of shares available for future issuance may be increased or decreased depending on actual payouts for the PSUs based on achievement of targets and is increased by the number of shares that are forfeited, canceled or otherwise terminated without the issuance of shares. For additional discussion of specific plans concerning equity-based compensation, see Item 8. Note 18. Stock Based Compensation.
PSE&G
We own all of the common stock of PSE&G. For additional information regarding PSE&G’s ability to continue to pay dividends, see Item 7. MD&A—Liquidity and Capital Resources.
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