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CON EDISON DECLARES COMMON STOCK DIVIDEND

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Consolidated Edison (NYSE: ED) has declared a quarterly dividend of 85 cents per share on its common stock, payable March 14, 2025, to stockholders of record as of February 19, 2025. This represents an annualized increase of 8 cents over the previous annualized dividend of $3.32 per share.

The announcement marks Con Edison's 51st consecutive annual dividend increase, maintaining its record for the longest streak of consecutive annual dividend increases among utilities in the S&P 500 index. The company maintains its target dividend payout ratio between 55% and 65% of adjusted earnings.

Consolidated Edison (NYSE: ED) ha dichiarato un dividendo trimestrale di 85 centesimi per azione sul suo capitale comune, che sarà pagato il 14 marzo 2025 agli azionisti registrati al 19 febbraio 2025. Questo rappresenta un aumento annualizzato di 8 centesimi rispetto al precedente dividendo annualizzato di $3,32 per azione.

Il comunicato segna il 51° aumento consecutivo del dividendo annuale di Con Edison, mantenendo il suo record per la più lunga serie di aumenti consecutivi del dividendo annuale tra le utilities dell'indice S&P 500. L'azienda mantiene il proprio obiettivo di rapporto di distribuzione del dividendo tra il 55% e il 65% degli utili rettificati.

Consolidated Edison (NYSE: ED) ha declarado un dividendo trimestral de 85 centavos por acción de su capital común, pagadero el 14 de marzo de 2025, a los accionistas registrados al 19 de febrero de 2025. Esto representa un aumento anualizado de 8 centavos sobre el anterior dividendo anualizado de $3.32 por acción.

El anuncio marca el 51° aumento consecutivo del dividendo anual de Con Edison, manteniendo su récord de la racha más larga de aumentos anuales consecutivos del dividendo entre las utilidades en el índice S&P 500. La empresa mantiene su objetivo de ratio de pago de dividendos entre el 55% y el 65% de las ganancias ajustadas.

콘솔리데이트드 에디슨 (NYSE: ED)은 보통주에 대해 주당 85센트의 분기 배당금을 선언하였으며, 이는 2025년 3월 14일에 2025년 2월 19일 기준의 주주에게 지급될 예정입니다. 이는 주당 $3.32의 이전 연간 배당금보다 8센트 증가한 것입니다.

이번 발표는 콘 에디슨의 51번째 연속 연간 배당금 증가를 의미하며, S&P 500 지수 내 유틸리티 중 가장 긴 연속 배당금 증가 기록을 유지합니다. 회사는 조정된 수익의 55%에서 65% 사이의 배당금 지급 비율 목표를 유지합니다.

Consolidated Edison (NYSE: ED) a déclaré un dividende trimestriel de 85 cents par action sur son capital commun, payable le 14 mars 2025, aux actionnaires enregistrés au 19 février 2025. Cela représente une augmentation annualisée de 8 cents par rapport au précédent dividende annualisé de 3,32 $ par action.

Cette annonce marque la 51e augmentation annuelle consécutive du dividende de Con Edison, maintenant son record de la plus longue série d'augmentations annuelles consécutives de dividende parmi les services publics de l'indice S&P 500. La société maintient son objectif de ratio de distribution de dividendes entre 55 % et 65 % des bénéfices ajustés.

Consolidated Edison (NYSE: ED) hat eine vierteljährliche Dividende von 85 Cent pro Aktie auf sein Stammaktienkapital erklärt, die am 14. März 2025 an die Aktionäre ausgezahlt wird, die am 19. Februar 2025 im Aktienregister stehen. Dies stellt eine annualisierte Erhöhung um 8 Cent im Vergleich zur vorherigen annualisierten Dividende von $3,32 pro Aktie dar.

Die Ankündigung markiert die 51. aufeinanderfolgende jährliche Dividendensteigerung von Con Edison und hält den Rekord für die längste Reihe aufeinanderfolgender jährlicher Dividendensteigerungen unter den Versorgungsunternehmen im S&P 500-Index. Das Unternehmen hält das Ziel eines Ausschüttungsverhältnisses zwischen 55% und 65% des bereinigten Gewinns bei.

Positive
  • 51st consecutive annual dividend increase, demonstrating consistent shareholder returns
  • Dividend increase of 8 cents annually from $3.32 to $3.40 per share
  • Maintains stable dividend payout ratio target of 55-65% of adjusted earnings
  • Longest dividend growth streak among S&P 500 utilities
Negative
  • None.

NEW YORK, Jan. 16, 2025 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 85 cents a share on its common stock, payable March 14, 2025 to stockholders of record as of February 19, 2025, an annualized increase of 8 cents over the previous annualized dividend of $3.32 a share.

"The 51st consecutive annual dividend increase for stockholders extends our record for the longest period of consecutive annual dividend increases of any utility in the S&P 500 index and reflects our continued emphasis on providing a return to our investors while delivering safe, reliable and resilient service to our customers during the clean energy transition," said Kirk Andrews, Con Edison's senior vice president and chief financial officer. The company continues to target a dividend payout ratio of between 55% and 65% of its adjusted earnings.

This press release contains a forward-looking statement that reflects an expectation and not a fact. Actual results may differ materially from this expectation because of factors such as those identified in reports the company has filed with the Securities and Exchange Commission. Con Edison assumes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. This press release also refers to a financial measure, adjusted earnings, that is not determined in accordance with generally accepted accounting principles in the United States of America (GAAP). This non-GAAP financial measure should not be considered as an alternative to net income (which is an indicator of financial performance determined in accordance with GAAP) and may exclude from net income amounts that the company does not consider indicative of its ongoing financial performance.

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 $69 billion in assets as of September 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.

Consolidated Edison, Inc. (PRNewsfoto/Consolidated Edison, Inc.)

 

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SOURCE Consolidated Edison, Inc.

FAQ

What is Con Edison's new quarterly dividend amount for 2025?

Con Edison's new quarterly dividend is 85 cents per share, payable March 14, 2025.

When is the record date for Con Edison's (ED) latest dividend?

The record date for Con Edison's latest dividend is February 19, 2025.

How much did Con Edison (ED) increase its annualized dividend in 2025?

Con Edison increased its annualized dividend by 8 cents over the previous dividend of $3.32 per share.

What is Con Edison's (ED) target dividend payout ratio?

Con Edison targets a dividend payout ratio between 55% and 65% of its adjusted earnings.

How many consecutive years has Con Edison (ED) increased its dividend?

Con Edison has increased its dividend for 51 consecutive years, the longest streak among utilities in the S&P 500 index.

Consolidated Edison, Inc.

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