Con Edison Declares Common Stock Dividend

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Consolidated Edison, Inc. (ED) announced a quarterly dividend of 77.5 cents per share on its common stock. This dividend will be payable on September 15, 2021, to shareholders on record as of August 18, 2021. Con Edison reported annual revenues of approximately $12 billion and total assets of $62 billion, highlighting its position as one of the largest investor-owned energy-delivery companies in the U.S. The company operates various regulated utilities and is significantly involved in renewable energy projects.

Positive

• Declared a dividend of 77.5 cents per share, indicating continued income for shareholders.
• Annual revenues of approximately $12 billion demonstrate strong financial performance.

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• None.

NEW YORK, July 15, 2021 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 77.5 cents a share on its common stock, payable September 15, 2021 to stockholders of record as of August 18, 2021.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $62 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 solar developer in the United States and the seventh-largest worldwide, 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 Con Edison Inc.

FAQ

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

Con Edison declared a quarterly dividend of 77.5 cents per share.

When will the dividend be paid to shareholders of Con Edison (ED)?

The dividend will be payable on September 15, 2021.

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

The record date for the dividend payment is August 18, 2021.

How much revenue does Con Edison (ED) generate annually?

Con Edison reports approximately $12 billion in annual revenues.

What are the total assets of Con Edison (ED)?

Con Edison has total assets amounting to approximately $62 billion.