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NEW YORK - Consolidated Edison, Inc. (NYSE:ED) announced Thursday it has declared a quarterly dividend of 85 cents per share on its common stock, maintaining its impressive 50-year streak of consecutive dividend increases. The dividend, representing a 3.38% yield, will be payable on September 15, 2025, to stockholders of record as of August 13, 2025. According to InvestingPro data, the company has maintained dividend payments for 55 consecutive years, demonstrating strong commitment to shareholder returns.
Con Edison is a major energy-delivery company with approximately $15 billion in annual revenues for the year ended December 31, 2024, and $71 billion in assets as of March 31, 2025. With a market capitalization of $36.29 billion and a GOOD financial health score from InvestingPro, the company maintains strong financial metrics, including healthy revenue growth of 8.49% and a current ratio of 1.28.
The company provides energy-related products and services through several subsidiaries, including Consolidated Edison Company of New York, Inc., which delivers electric service in New York City and Westchester County, gas service in Manhattan, the Bronx, parts of Queens and Westchester, and steam service in Manhattan.
Other subsidiaries include Orange and Rockland Utilities, Inc., serving customers in southeastern New York State and northern New Jersey, and Con Edison Transmission, Inc., which invests in electric transmission projects and manages joint ventures for electric and gas assets.
The dividend announcement was made in a company press release statement.
In other recent news, UBS analysts have maintained their Neutral rating for Consolidated Edison, keeping the price target at $112.00. This decision comes after evaluating the New York Public Service Commission Staff’s recommendation in the CECONY electric and gas rate case. The analysts noted that the allowed return on equity appears higher than recent regulatory models suggested, though the revenue increase was described as minimal. The company’s financial performance is significantly influenced by regulatory decisions, and UBS continues to monitor these developments closely. The Neutral rating indicates a balanced perspective on Consolidated Edison’s prospects amid current regulatory and market conditions.
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