Consolidated Edison Announces Quarterly Dividend of $0.85 per Share

Consolidated Edison has declared a quarterly dividend of $0.85 per share, in line with previous declarations. The forward yield is 3.38%. The dividend will be payable on September 15 for shareholders of record on August 13, with an ex-dividend date of August 13.

Consolidated Edison, Inc. (NYSE: ED), a major energy-delivery company, has announced a quarterly dividend of $0.85 per share. This dividend, payable on September 15, 2025, is consistent with the company's previous declarations and maintains its 50-year streak of consecutive dividend increases. The forward yield is 3.38%, and the ex-dividend date is August 13, 2025 [1].

The dividend will be distributed to shareholders of record as of August 13, 2025. This announcement is part of Con Edison's commitment to shareholder returns, with the company having maintained dividend payments for 55 consecutive years [1]. The dividend represents a significant portion of the company's strong financial health, as demonstrated by its robust revenue growth and healthy current ratio [1].

Con Edison operates in the regulated electric, gas, and steam delivery businesses in the United States. It serves approximately 3.7 million customers in New York City and Westchester County, 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County, and 1,520 customers in parts of Manhattan for steam service [2]. The company's subsidiaries, including Consolidated Edison Company of New York, Inc., Orange and Rockland Utilities, Inc., and Con Edison Transmission, Inc., provide essential energy-related products and services.

Despite recent regulatory challenges, Con Edison continues to demonstrate financial stability and resilience. The company's Neutral rating from UBS analysts reflects a balanced perspective on its prospects amid current regulatory and market conditions [1]. Analysts have maintained a price target of $112.00, indicating a cautious but optimistic outlook on the company's future performance.

In conclusion, Consolidated Edison's latest dividend declaration underscores the company's commitment to shareholder value and financial stability. The dividend, along with the company's strong financial metrics, positions Con Edison as a reliable investment option for income-oriented investors.

References:
[1] https://www.investing.com/news/company-news/con-edison-declares-quarterly-dividend-of-85-cents-per-share-93CH-4140728
[2] https://stockanalysis.com/stocks/ed/