Con Edison Declares Common Stock Dividend

Rhea-AI Summary

Consolidated Edison, Inc. (ED) announced a quarterly dividend of 76.5 cents per share on its common stock, payable on December 15, 2020, for stockholders recorded by November 18, 2020. Con Edison, a major investor-owned energy-delivery company, generates approximately $13 billion in annual revenues with assets totaling $59 billion. The company operates through several subsidiaries, offering electric, gas, and steam services primarily in New York.

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Positive

• Declared a quarterly dividend of 76.5 cents per share.
• Demonstrates consistent income for shareholders.

Negative

• None.

News Market Reaction – ED

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+0.20% News Effect

On the day this news was published, ED gained 0.20%, reflecting a mild positive market reaction.

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NEW YORK, Oct. 22, 2020 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 76.5 cents a share on its common stock, payable December 15, 2020 to stockholders of record as of November 18, 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-301158418.html

SOURCE Consolidated Edison, Inc.

FAQ

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

Con Edison declared a quarterly dividend of 76.5 cents per share.

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

The dividend will be paid on December 15, 2020.

What is the record date for Con Edison (ED) dividend?

The record date for the dividend is November 18, 2020.

How frequently does Con Edison (ED) pay dividends?

Con Edison typically pays dividends quarterly.