CON EDISON DECLARES COMMON STOCK DIVIDEND

Rhea-AI Summary

Consolidated Edison, Inc. (NYSE: ED) has announced a quarterly dividend of 79 cents per share on its common stock. This dividend will be paid on June 15, 2022, to shareholders on record as of May 18, 2022. The company, which has approximately $14 billion in annual revenues and $63 billion in assets, operates through subsidiaries providing a variety of energy-related services in New York City and surrounding areas. It also invests in clean energy projects, focusing on renewable energy transition.

Positive

• Quarterly dividend of 79 cents per share indicates commitment to shareholders.
• Company reported $14 billion in annual revenues, showcasing strong financial performance.
• Diverse energy services and investments in renewable energy support long-term growth.

Negative

• None.

News Market Reaction – ED

-1.73%

1 alert

-1.73% News Effect

On the day this news was published, ED declined 1.73%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, April 21, 2022 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 79 cents a share on its common stock, payable June 15, 2022 to stockholders of record as of May 18, 2022.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $14 billion in annual revenues and $63 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. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc. (O&R), 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., the second-largest owners of solar electric projects in North America, which, through its subsidiaries develops, owns and operates renewable and sustainable energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which falls primarily under the oversight of the Federal Energy Regulatory Commission and through its subsidiaries invests in electric transmission projects supporting its parent company's effort to transition to clean, renewable energy. Con Edison Transmission manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects that will bring clean, renewable electricity to customers, focusing on New York, New England, the Mid-Atlantic states and the Midwest.

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SOURCE Consolidated Edison, Inc.

FAQ

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

Consolidated Edison declared a dividend of 79 cents per share.

When will the dividend be paid for Consolidated Edison (ED)?

The dividend will be paid on June 15, 2022.

Who will receive the dividend from Consolidated Edison (ED)?

Shareholders of record as of May 18, 2022, will receive the dividend.

How often does Consolidated Edison (ED) pay dividends?

Consolidated Edison typically pays dividends on a quarterly basis.

What is the financial status of Consolidated Edison (ED)?

The company has approximately $14 billion in annual revenues and $63 billion in assets.