CON EDISON DECLARES COMMON STOCK DIVIDEND

Rhea-AI Summary

Consolidated Edison, Inc. (NYSE: ED) announced a quarterly dividend of 81 cents per share, payable on June 15, 2023, to stockholders of record by May 17, 2023.

With approximately $16 billion in annual revenues and $69 billion in assets as of December 31, 2022, Con Edison is one of the country's largest investor-owned energy delivery companies.

The company, through its subsidiaries, provides electric service in New York City, natural gas service in areas including Manhattan and The Bronx, and steam service in Manhattan. Con Edison also focuses on developing clean, renewable electricity solutions in the Northeast and Midwest regions.

Positive

• Quarterly dividend declared at 81 cents per share, enhancing shareholder income.
• Strong financial position with $16 billion in annual revenues.

Negative

• None.

NEW YORK, April 20, 2023 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 81 cents a share on its common stock, payable June 15, 2023 to stockholders of record as of May 17, 2023.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $16 billion in annual revenues and $69 billion in assets as of December 31, 2022. 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, New England, the Mid-Atlantic states and the Midwest.

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SOURCE Consolidated Edison, Inc.

FAQ

What is the dividend amount for Consolidated Edison (ED)?

Consolidated Edison has declared a dividend of 81 cents per share.

When will the dividend be paid for ED stock?

The dividend will be paid on June 15, 2023.

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

The record date is May 17, 2023.

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

Consolidated Edison generates approximately $16 billion in annual revenues.

What assets does Consolidated Edison (ED) hold?

As of December 31, 2022, Consolidated Edison holds assets worth approximately $69 billion.