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NEW YORK - Consolidated Edison, Inc. (NYSE:ED), a utility giant with a market capitalization of $36.4 billion, announced Thursday it has declared a quarterly dividend of 85 cents per share on its common stock. The dividend will be payable December 15, 2025, to stockholders of record as of November 19, 2025. According to InvestingPro data, Con Edison has maintained dividend payments for 55 consecutive years, with the current yield at 3.32%.
Con Edison is a holding company that operates through several subsidiaries providing energy-related services. Its main subsidiary, Consolidated Edison Company of New York, Inc. (CECONY), is a regulated utility that provides electric service in New York City and Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan. Trading at a P/E ratio of 18.4, InvestingPro analysis indicates the stock is currently trading above its Fair Value, though it maintains a GOOD overall financial health score.
The company’s portfolio also includes Orange and Rockland Utilities, Inc., which serves customers in southeastern New York State and northern New Jersey, and Con Edison Transmission, Inc., which develops and invests in electric transmission projects.
The announcement was made in a press release issued by the company.
In other recent news, Consolidated Edison reported second-quarter 2025 adjusted earnings per share of $0.68, surpassing the consensus estimate of $0.65. This performance led Mizuho to raise its price target for the company from $107.00 to $112.00, while maintaining an Outperform rating. Consolidated Edison also reaffirmed its long-term earnings per share compound annual growth rate of 6% to 7%. Additionally, the company declared a quarterly dividend of 85 cents per share, payable on September 15, 2025, to shareholders recorded by August 13, 2025. In governance updates, Brendan Cavanagh, CEO of SBA Communications, will join Consolidated Edison’s Board of Directors starting October 1, 2025. The company is also pursuing growth opportunities, such as expanding its electric vehicle charging infrastructure and substation network, and considering renewable generation projects in New York. These developments reflect Consolidated Edison’s strategic focus on future energy delivery goals.
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