- Consolidated Edison (NYSE:ED) declares $0.74/share quarterly dividend, 3.5% increase from prior dividend of $0.715.
- Forward yield 3.84%
- Payable March 15; for shareholders of record Feb. 13; ex-div Feb. 12.
Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a
quarterly dividend of 74 cents a share on its common stock, payable March 15,
2019 to stockholders of record as of February 13, 2019, an annualized increase
of 10 cents over the previous annualized dividend of $2.86 a share.
“The increase in the dividend, the 45th consecutive annual
increase for stockholders, reflects our continued emphasis on providing a
return to our investors while meeting the needs of our customers,” said Robert
Hoglund, Con Edison’s senior vice president and chief financial officer. The
increase continues the longest period of consecutive annual dividend increases
of any utility in the S&P 500 index. For 2019, the company expects to
exceed its previously provided payout range of 60% to 70% of adjusted earnings
as a result of non-cash earnings impact from its Sempra Solar acquisition.
For more information, visit www.conedison.com
According to the list of U.S. Dividend Champions Consolidated
Edison, Inc. is a Dividend Champions. Con Edison has a 44-year dividend raising
streak.
Dividend
Growth Rates
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DGR
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DGR
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DGR
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DGR
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1-yr
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3-yr
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5-yr
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10-yr
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3.0
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3.1
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2.7
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1.8
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Dividend Yield Chart:
This is the historical trailing annual dividend yield of
Consolidated Edison Inc. Buying stocks at higher yield relative its historical
values is usually more profitable.
Payout Ratio:
This is the historical payout ratio of Consolidated Edison
Inc. If payout ratio is close to or higher than 100%, dividends might not be
sustainable.
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