Consolidated Edison (ED) Raises Quarterly Dividend 3.2% to $0.65; 3.8% Yield

Consolidated Edison (NYSE: ED) declared a quarterly dividend of $0.65 per share, or $2.60 annualized. This is a 3.2% increase from the prior dividend of $0.63.

The dividend will be payable on March 15, 2015, to stockholders of record on February 18, 2015, with an ex-dividend date of February 13, 2015.

The annual yield on the dividend is 3.8 percent.

"The company expects to pay to its stockholders between 60% and 70% of its earnings from ongoing operations in the years ahead," said John McAvoy, Con Edison's chairman, president and CEO. This expectation balances the company's opportunities to grow long-term earnings by investing capital to serve a growing economy with stockholders' desires for a current return on their investment.

For a dividend history and other dividend-related data on Consolidated Edison (ED) click here.

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