Consolidated Edison Inc (ED) to Issue Quarterly Dividend of $0.89 on March 16th

Consolidated Edison Inc (NYSE:ED) declared a quarterly dividend on Tuesday, January 27th. Shareholders of record on Wednesday, February 18th will be given a dividend of 0.8875 per share by the utilities provider on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, February 18th. This is a 4.4% increase from Consolidated Edison’s previous quarterly dividend of $0.85.

Consolidated Edison has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 52 consecutive years. Consolidated Edison has a payout ratio of 59.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Consolidated Edison to earn $5.96 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 59.6%.

Consolidated Edison Stock Performance

Shares of NYSE ED opened at $113.59 on Monday. The company has a 50-day simple moving average of $102.16 and a 200-day simple moving average of $100.59. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 0.97. The company has a market cap of $41.00 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 3.10 and a beta of 0.38. Consolidated Edison has a 12 month low of $94.50 and a 12 month high of $114.87.

About Consolidated Edison

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.