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The company traded its common stock on the New York Stock Exchange, and in 1976, the company issued a preferred stock (formerly NYSE: PR ARP PR) with a 10.5% dividend, callable in 1990. [6] APS also performed well through the early 1980s recession, reaching peak earnings of over US$255 million in 1983. However, by then the company had ...
The Public Service Enterprise Group, Inc. (PSEG) is a publicly traded diversified energy company headquartered in Newark, New Jersey, US, established in 1985 with a legacy dating back to 1903. The company's largest subsidiary is Public Service Electric and Gas Company ( PSE&G ).
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Duration is a measure of the price sensitivity of a stock to changes in the long term interest rate, i.e., the longer the duration, the more sensitive the stock is to interest rates. In U.S. stock markets, an SEC rule adoption in 1982 (rule 10b-18) that allowed discretionary stock buybacks has distorted the calculation of duration based on ...
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The S&P 500 and the Nasdaq jumped to a fresh record high on Thursday after the Fed delivered a 25 basis point rate cut. Stock market today: Stocks extend post-election rally as the Fed cuts ...