Consolidated Edison Inc Announces Quarterly Dividend of $0.89 (NYSE:ED)

Consolidated Edison Inc (NYSE:ED) declared a quarterly dividend on Thursday, July 16th. Investors 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 yield of 3.2%. The ex-dividend date is Wednesday, August 19th.

Consolidated Edison has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 52 years. 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 $6.41 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 55.4%.

Consolidated Edison Stock Up 1.7%

Shares of NYSE:ED opened at $112.21 on Friday. The company has a 50 day moving average price of $108.37 and a two-hundred day moving average price of $108.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. The company has a market capitalization of $41.35 billion, a PE ratio of 18.89, a PEG ratio of 2.80 and a beta of 0.27. Consolidated Edison has a 52 week low of $94.96 and a 52 week high of $116.23.

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.