trending Market Intelligence /marketintelligence/en/news-insights/trending/S2tBNI8w79UL7MGRxfz9pg2 content esgSubNav
In This List

Con Edison raises common stock dividend by 3.5%

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024

Podcast

IR in Focus | Episode 10: Capital Markets Outlook

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook


Con Edison raises common stock dividend by 3.5%

Consolidated Edison Inc. declared a quarterly common stock dividend of 74 cents per share, representing an increase of 2.5 cents, or approximately 3.5%, over the previous quarterly dividend rate of 71.5 cents per share.

The dividend, which equates to $2.96 per share on an annualized basis, is payable March 15 to shareholders of record Feb. 13. For 2019, the company expects to exceed its previously provided payout range of 60% to 70% of adjusted earnings as a result of noncash earnings impact from its acquisition of renewable project portfolio from Sempra Energy, said Robert Hoglund, Con Edison's senior vice president and CFO.