Con Edison Declares Common Stock Dividend

Rhea-AI Summary

Consolidated Edison, Inc. (NYSE: ED) has declared a quarterly dividend of 77.5 cents per share on its common stock, scheduled for payment on December 15, 2021. Stockholders of record as of November 17, 2021 will be eligible. Con Edison is a major energy-delivery company in the U.S., generating approximately $12 billion in annual revenues and managing $63 billion in assets. Their services include electric, gas, and steam provision in New York City and surrounding areas as well as renewable energy projects.

Positive

• Quarterly dividend of 77.5 cents per share announced, fostering shareholder income.
• Strong revenue base of approximately $12 billion annually highlights financial stability.
• Extensive asset management of $63 billion supports ongoing corporate operations.

Negative

• None.

NEW YORK, Oct. 21, 2021 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 77.5 cents a share on its common stock, payable December 15, 2021 to stockholders of record as of November 17, 2021.

Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $63 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/con-edison-declares-common-stock-dividend-301406210.html

SOURCE Con Edison Inc.

FAQ

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

Consolidated Edison has declared a dividend of 77.5 cents per share.

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

The dividend payment date is scheduled for December 15, 2021.

Who is eligible for the dividend from Consolidated Edison (ED)?

Stockholders of record as of November 17, 2021, are eligible for the dividend.

How does Consolidated Edison (ED) support renewable energy?

Con Edison operates the second-largest solar development business in the U.S. and invests in clean energy projects.