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

Consolidated Edison Inc (NYSE:ED) declared a quarterly dividend on Tuesday, January 27th. Stockholders of record on Wednesday, February 18th will be paid 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 dividend yield of 3.3%. The ex-dividend date is Wednesday, February 18th. This is a 4.4% increase from Consolidated Edison’s previous quarterly dividend of $0.85.

Consolidated Edison has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 52 consecutive years. Consolidated Edison has a payout ratio of 56.6% indicating that 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 $3.40 annual dividend with an expected future payout ratio of 57.0%.

Consolidated Edison Price Performance

ED stock traded up $0.80 on Wednesday, reaching $106.15. The company had a trading volume of 339,416 shares, compared to its average volume of 1,850,224. The company’s fifty day moving average is $99.73 and its 200 day moving average is $100.01. The company has a market cap of $38.31 billion, a P/E ratio of 18.56, a PEG ratio of 2.85 and a beta of 0.39. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.97 and a current ratio of 1.08. Consolidated Edison has a 1 year low of $92.29 and a 1 year high of $114.87.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.14. Consolidated Edison had a return on equity of 8.79% and a net margin of 12.27%.The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the business posted $1.68 earnings per share. Consolidated Edison has set its FY 2025 guidance at 5.600-5.700 EPS. On average, research analysts forecast that Consolidated Edison will post 5.62 earnings per share for the current year.

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.