Con Edison Declares Common Stock Dividend

Rhea-AI Summary

On July 16, 2020, Consolidated Edison, Inc. (NYSE: ED) announced a quarterly dividend of 76.5 cents per share on its common stock. This dividend is payable on September 15, 2020, to stockholders of record as of August 19, 2020. Con Edison is one of the largest investor-owned energy companies in the U.S., with approximately $13 billion in annual revenues and $59 billion in assets. They provide various energy services through subsidiaries, including Con Edison Company of New York and Orange and Rockland Utilities.

Positive

• Quarterly dividend of 76.5 cents per share supports shareholder income.
• Strong revenue base of approximately $13 billion enhances company stability.

Negative

• None.

NEW YORK, July 16, 2020 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 76.5 cents a share on its common stock, payable September 15, 2020 to stockholders of record as of August 19, 2020.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $13 billion in annual revenues and $59 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., which through its subsidiaries develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which through its subsidiaries invests in electric and natural gas transmission projects.

View original content:http://www.prnewswire.com/news-releases/con-edison-declares-common-stock-dividend-301095205.html

SOURCE Consolidated Edison, Inc.

FAQ

What is the latest dividend amount declared by Consolidated Edison (ED)?

Consolidated Edison declared a dividend of 76.5 cents per share.

When is the dividend payment date for Consolidated Edison (ED)?

The dividend is payable on September 15, 2020.

What is the record date for the dividend payment of Consolidated Edison (ED)?

The record date is August 19, 2020.

How often does Consolidated Edison (ED) pay dividends?

Consolidated Edison typically pays dividends quarterly.