CON EDISON DECLARES COMMON STOCK DIVIDEND

Rhea-AI Summary

Con Edison (NYSE: ED) has announced a quarterly dividend of 85 cents per share on its common stock. The dividend will be payable on June 16, 2025, to stockholders of record as of May 14, 2025.

The company, one of the nation's largest investor-owned energy-delivery companies, reported $15 billion in annual revenues and $71 billion in assets for the year ended December 31, 2024. Con Edison operates through key subsidiaries including Consolidated Edison Company of New York (CECONY), Orange and Rockland Utilities (O&R), and Con Edison Transmission, providing electric, gas, and steam services across New York City, Westchester County, southeastern New York State, and northern New Jersey.

Positive

• Consistent quarterly dividend payment of $0.85 per share
• Strong asset base of $71 billion
• Substantial annual revenue of $15 billion
• Diversified energy services portfolio across multiple regions

Negative

• None.

NEW YORK, April 17, 2025 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 85 cents a share on its common stock, payable June 16, 2025 to stockholders of record as of May 14, 2025.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues for the year ended December 31, 2024, and $71 billion in assets as of December 31, 2024. 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; and Con Edison Transmission, Inc., which falls primarily under the oversight of the Federal Energy Regulatory Commission and manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects.

 

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SOURCE Consolidated Edison, Inc.

FAQ

What is Con Edison's (ED) latest quarterly dividend amount for 2025?

Con Edison (ED) declared a quarterly dividend of 85 cents per share, payable June 16, 2025.

What was Con Edison's (ED) annual revenue in 2024?

Con Edison reported annual revenues of approximately $15 billion for the year ended December 31, 2024.

What is the total asset value of Con Edison (ED) as of 2024?

Con Edison held $71 billion in assets as of December 31, 2024.

What areas does Con Edison (ED) serve through its subsidiaries?

Con Edison serves New York City, Westchester County, southeastern New York State, and northern New Jersey through its subsidiaries CECONY and Orange & Rockland Utilities.