Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution. Further, the company owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. The company was founded in 1823 and is based in New York, New York.
Consolidated Edison Dividend Announcement
• Consolidated Edison announced a quarterly dividend of $0.83 per ordinary share which will be made payable on 2024-12-16. Ex dividend date: 2024-11-13
• Consolidated Edison annual dividend for 2024 was $3.32
• Consolidated Edison annual dividend for 2023 was $3.24
• Consolidated Edison's trailing twelve-month (TTM) dividend yield is 3.58%
• Consolidated Edison's payout ratio for the trailing twelve months (TTM) is 59.16%
• Consolidated Edison's dividend growth over the last five years (2018-2023) was 2.53% year
• Consolidated Edison's dividend growth over the last ten years (2013-2023) was 2.79% year
Consolidated Edison Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-13 | $0.83 | quarterly | 2024-12-16 |
2024-08-14 | $0.83 | quarterly | 2024-09-16 |
2024-05-14 | $0.83 | quarterly | 2024-06-14 |
2024-02-13 | $0.83 | quarterly | 2024-03-15 |
2023-11-14 | $0.81 | quarterly | 2023-12-15 |
2023-08-15 | $0.81 | quarterly | 2023-09-15 |
2023-05-16 | $0.81 | quarterly | 2023-06-15 |
2023-02-14 | $0.81 | quarterly | 2023-03-15 |
2022-11-15 | $0.79 | quarterly | 2022-12-15 |
2022-08-16 | $0.79 | quarterly | 2022-09-15 |
2022-05-17 | $0.79 | quarterly | 2022-06-15 |
2022-02-15 | $0.79 | quarterly | 2022-03-15 |
2021-11-16 | $0.78 | quarterly | 2021-12-15 |
2021-08-17 | $0.78 | quarterly | 2021-09-15 |
2021-05-18 | $0.78 | quarterly | 2021-06-15 |
2021-02-16 | $0.78 | quarterly | 2021-03-15 |
2020-11-17 | $0.77 | quarterly | 2020-12-15 |
2020-08-18 | $0.77 | quarterly | 2020-09-15 |
2020-05-12 | $0.77 | quarterly | 2020-06-15 |
2020-02-18 | $0.77 | quarterly | 2020-03-16 |
2019-11-12 | $0.74 | quarterly | 2019-12-16 |
2019-08-13 | $0.74 | quarterly | 2019-09-16 |
2019-05-14 | $0.74 | quarterly | 2019-06-17 |
2019-02-12 | $0.74 | quarterly | 2019-03-15 |
2018-11-13 | $0.71 | quarterly | 2018-12-17 |
2018-08-14 | $0.71 | quarterly | 2018-09-17 |
2018-05-15 | $0.71 | quarterly | 2018-06-15 |
2018-02-13 | $0.71 | quarterly | 2018-03-15 |
2017-11-14 | $0.69 | quarterly | 2017-12-15 |
2017-08-14 | $0.69 | quarterly | 2017-09-15 |
2017-05-15 | $0.69 | quarterly | 2017-06-15 |
2017-02-13 | $0.69 | quarterly | 2017-03-15 |
2016-11-14 | $0.67 | quarterly | 2016-12-15 |
2016-08-15 | $0.67 | quarterly | 2016-09-15 |
2016-05-16 | $0.67 | quarterly | 2016-06-15 |
2016-02-12 | $0.67 | quarterly | 2016-03-15 |
2015-11-16 | $0.65 | quarterly | 2015-12-15 |
2015-08-17 | $0.65 | quarterly | 2015-09-15 |
2015-05-18 | $0.65 | quarterly | 2015-06-15 |
2015-02-13 | $0.65 | quarterly | 2015-03-15 |
2014-11-07 | $0.63 | quarterly | 2014-12-15 |
2014-08-11 | $0.63 | quarterly | 2014-09-15 |
2014-05-12 | $0.63 | quarterly | 2014-06-15 |
2014-02-10 | $0.63 | quarterly | 2014-03-15 |
2013-11-08 | $0.61 | quarterly | 2013-12-15 |
2013-08-12 | $0.61 | quarterly | 2013-09-15 |
2013-05-13 | $0.61 | quarterly | 2013-06-15 |
2013-02-11 | $0.61 | quarterly | 2013-03-15 |
Consolidated Edison Dividend per year
Consolidated Edison Dividend growth
Consolidated Edison Dividend Yield
Consolidated Edison current trailing twelve-month (TTM) dividend yield is 3.58%. Interested in purchasing Consolidated Edison stock? Use our calculator to estimate your expected dividend yield:
Consolidated Edison Financial Ratios
Consolidated Edison Dividend FAQ
Other factors to consider when evaluating Consolidated Edison as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Consolidated Edison's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Consolidated Edison publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Consolidated Edison distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Consolidated Edison are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Consolidated Edison sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Consolidated Edison distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Consolidated Edison declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Consolidated Edison's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Consolidated Edison's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.