Consolidated Edison Inc (NYSE:ED – Get Free Report) announced a quarterly dividend on Thursday, October 15th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.8875 per share by the utilities provider on Tuesday, December 15th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, November 18th.
Consolidated Edison has a dividend payout ratio of 59.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Consolidated Edison to earn $6.49 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 54.7%.
Consolidated Edison Trading Up 0.2%
Shares of ED stock opened at $109.79 on Friday. Consolidated Edison has a 1-year low of $94.96 and a 1-year high of $116.23. The company has a market cap of $40.61 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 3.79 and a beta of 0.26. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The stock has a 50 day simple moving average of $106.40 and a 200-day simple moving average of $108.46.
Consolidated Edison (NYSE:ED – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same quarter last year, the company earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts expect that Consolidated Edison will post 6.10 EPS for the current fiscal year.
Consolidated Edison Company Profile
Consolidated Edison, Inc is an energy delivery company headquartered in New York. Through its principal subsidiary, Consolidated Edison Company of New York, Inc, the company provides electric, natural gas and steam service to customers in New York City and Westchester County.
Consolidated Edison also owns Orange and Rockland Utilities, Inc, which delivers electricity and natural gas in parts of southeastern New York, northern New Jersey and northeastern Pennsylvania. Its utility operations include the generation, transmission, distribution and delivery of energy, as well as the operation and maintenance of related infrastructure.
With roots tracing to the New York Gas Light Company, established in 1823, Consolidated Edison has developed into one of the United States’ largest investor-owned energy-delivery companies.
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