Earnings Per Share (EPS) and Dividends

3 Months Ended

Mar. 31, 2017

EPS

Diluted EPS is calculated by dividing Net Income by the weighted average number of shares of common stock outstanding, including shares issuable upon exercise of stock options outstanding or vesting of restricted stock awards granted under PSEG’s stock compensation plans and upon payment of performance units or restricted stock units. The following table shows the effect of these stock options, performance units and restricted stock units on the weighted average number of shares outstanding used in calculating diluted EPS:




	Three Months Ended March 31,
	2017				2016
	Basic		Diluted		Basic		Diluted
EPS Numerator (Millions):
Net Income	$	114	$	114	$	471	$	471
EPS Denominator (Millions):
Weighted Average Common Shares Outstanding	505		505		505		505
Effect of Stock Based Compensation Awards	—		3		—		3
Total Shares	505		508		505		508

EPS
Net Income	$	0.23	$	0.22	$	0.93	$	0.93

There were approximately 0.3 million stock options excluded from the weighted average common shares used for diluted EPS due to their antidilutive effect for the three months ended March 31, 2017 and 2016.

Dividends




	Three Months Ended
	March 31,
Dividend Payments on Common Stock	2017		2016
Per Share	$	0.43	$	0.41
In Millions	$	218	$	207

On April 18, 2017, PSEG’s Board of Directors approved a $0.43 per share common stock dividend for the second quarter of 2017.