Consolidated Edison (ED) Raises Quarterly Dividend 3.5% to $0.74; 3.8% Yield

Consolidated Edison (NYSE: ED) declared a quarterly dividend of $0.74 per share, or $2.96 annualized. This is a 3.5% increase from the prior dividend of $0.715.

The dividend will be payable on March 15, 2019, to stockholders of record on February 13, 2019, with an ex-dividend date of February 12, 2019.

The annual yield on the dividend is 3.8 percent.

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

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