Consolidated Edison, Inc. (NYSE:ED) Plans Quarterly Dividend of $0.74
Consolidated Edison, Inc. (NYSE:ED) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Wednesday, November 13th will be paid a dividend of 0.74 per share by the utilities provider on Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Tuesday, November 12th.
Shares of Consolidated Edison stock opened at $87.92 on Friday. Consolidated Edison has a one year low of $73.29 and a one year high of $94.97. The company has a market cap of $29.36 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 10.23 and a beta of 0.04. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.56 and a current ratio of 0.58. The business’s 50 day moving average price is $92.28 and its 200 day moving average price is $88.68.
Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.54 EPS for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.04). Consolidated Edison had a return on equity of 7.92% and a net margin of 10.98%. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the business posted $1.57 EPS. On average, analysts predict that Consolidated Edison will post 4.32 EPS for the current fiscal year.
About Consolidated Edison
Consolidated Edison, Inc, through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company 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 1,622 customers in parts of Manhattan.
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