Exelon Corporation (EXC) to Issue Quarterly Dividend of $0.42 on September 15th

Exelon Corporation (NASDAQ:EXC) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, September 4th will be given a dividend of 0.42 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, September 4th.

Exelon has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Exelon has a payout ratio of 59.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Exelon to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 55.1%.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $47.03 on Thursday. The firm has a market capitalization of $48.12 billion, a PE ratio of 17.23, a P/E/G ratio of 2.86 and a beta of 0.31. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. The business has a 50-day moving average of $46.32 and a two-hundred day moving average of $46.58. Exelon has a 12 month low of $42.58 and a 12 month high of $50.65.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Exelon had a net margin of 11.21% and a return on equity of 9.83%. The firm had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.44 billion. As a group, research analysts forecast that Exelon will post 2.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

EXC has been the topic of several research reports. Mizuho set a $48.00 price target on shares of Exelon and gave the company a “neutral” rating in a report on Friday, April 17th. TD Cowen decreased their price objective on shares of Exelon from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Morgan Stanley dropped their price objective on shares of Exelon from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Royal Bank Of Canada cut their target price on shares of Exelon from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 20th. Finally, Jefferies Financial Group cut shares of Exelon from a “buy” rating to a “hold” rating and decreased their price target for the stock from $55.00 to $50.00 in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average price target of $50.33.

Exelon Company Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.