Consolidated Edison Inc (NYSE:ED – Get Free Report) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.8875 per share by the utilities provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 19th.
Consolidated Edison has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 52 years. Consolidated Edison has a payout ratio of 59.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Consolidated Edison to earn $6.42 per share next year, which means the company should continue to be able to cover its $3.55 annual dividend with an expected future payout ratio of 55.3%.
Consolidated Edison Stock Performance
Shares of ED stock opened at $108.73 on Monday. The firm’s 50 day moving average price is $109.81 and its 200-day moving average price is $109.83. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. Consolidated Edison has a one year low of $94.96 and a one year high of $116.23. The firm has a market cap of $40.21 billion, a P/E ratio of 17.85, a P/E/G ratio of 2.83 and a beta of 0.27.
Consolidated Edison Company Profile
Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.
The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.
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