CON EDISON DECLARES COMMON STOCK DIVIDEND

Rhea-AI Summary

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) has declared a quarterly dividend of 83 cents per share on its common stock. The dividend is payable on December 16, 2024 to stockholders of record as of November 13, 2024. Con Edison is one of the largest investor-owned energy-delivery companies in the U.S., with approximately $15 billion in annual revenues for the year-ended 2023 and $68 billion in assets as of June 30, 2024.

The company operates through several subsidiaries, including Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and Con Edison Transmission, Inc. These subsidiaries provide a wide range of energy-related products and services, including electric, gas, and steam services in New York City and surrounding areas, as well as managing electric and gas assets and developing renewable energy transmission projects in the Northeast.

Positive

• Quarterly dividend of 83 cents per share declared
• Annual revenues of approximately $15 billion for 2023
• Assets valued at $68 billion as of June 30, 2024
• Diversified energy-related products and services portfolio
• Focus on developing clean, renewable electricity transmission projects

Negative

• None.

NEW YORK, Oct. 17, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 83 cents a share on its common stock, payable December 16, 2024 to stockholders of record as of November 13, 2024.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues for year-ended 2023 and $68 billion in assets as of June 30, 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 that will bring clean, renewable electricity to customers, focusing on New York and the Northeast.

 

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SOURCE Consolidated Edison, Inc.

FAQ

What is the amount of Con Edison's (ED) quarterly dividend for Q4 2024?

Con Edison (NYSE: ED) has declared a quarterly dividend of 83 cents per share on its common stock for Q4 2024.

When is the payment date for Con Edison's (ED) Q4 2024 dividend?

The dividend is payable on December 16, 2024 to stockholders of record as of November 13, 2024.

What were Con Edison's (ED) annual revenues for the year-ended 2023?

Con Edison reported approximately $15 billion in annual revenues for the year-ended 2023.

What was the value of Con Edison's (ED) assets as of June 30, 2024?

Con Edison reported $68 billion in assets as of June 30, 2024.

What are the main subsidiaries of Consolidated Edison (ED)?

The main subsidiaries of Con Edison are Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and Con Edison Transmission, Inc.