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

Key Points

• Consolidated Edison declared a quarterly dividend of $0.8875 per share, payable December 15 to shareholders of record on November 18. The annualized dividend is $3.55 per share, representing a 3.2% yield.
• The dividend appears well supported, with a current payout ratio of 59.1% and an expected future payout ratio of 54.7% based on analysts’ projected earnings.
• Consolidated Edison’s latest quarterly results exceeded expectations, with EPS of $0.83 versus the $0.76 consensus and revenue of $4.07 billion versus estimates of $3.60 billion.

Consolidated Edison Inc (NYSE:ED - Get Free Report) announced a quarterly dividend on Thursday, October 15th. Shareholders 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 of this dividend is Wednesday, November 18th.

Consolidated Edison has a dividend payout ratio of 59.1% indicating that its dividend is sufficiently covered by earnings. Equities 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. The stock 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 stock has a 50-day moving average of $106.40 and a 200-day moving average of $108.46. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. Consolidated Edison has a 1-year low of $94.96 and a 1-year high of $116.23.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same period last year, the company earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts forecast that Consolidated Edison will post 6.10 earnings per share for the current year.

About Consolidated Edison

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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