Con Edison Announces Quarterly Dividend for Stockholders

Con Edison Declares Quarterly Dividend for Stockholders

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) is pleased to share news about its latest dividend for stockholders. This esteemed company has officially declared a quarterly dividend of 85 cents per share on its common stock, enabling investors to reap the rewards of their commitment. This payment is scheduled for distribution on September 15 to all stockholders of record as of August 13.

Understanding Consolidated Edison, Inc.

Consolidated Edison, Inc. is recognized as one of America’s largest investor-owned energy delivery firms. The company boasts substantial financial figures, including approximately $15 billion in annual revenues and total assets valued at $71 billion. These figures reflect its robust operational capabilities and reliability in delivering energy-related services.

Key Services and Subsidiaries

The company operates through several noteworthy subsidiaries, each specializing in various energy services that cater to diverse customer needs. For instance, the Consolidated Edison Company of New York, Inc. (CECONY) stands out as a regulated utility providing essential electric service in urban centers such as New York City. In addition to electric service, CECONY also delivers gas and steam services across multiple areas, which significantly contributes to the company's growth and customer satisfaction.

Wider Coverage with O&R

Another important subsidiary is Orange and Rockland Utilities, Inc. (O&R), which caters to customers across a 1,300-square-mile radius in regions spanning southeastern New York State and northern New Jersey. O&R's extensive coverage area ensures a significant number of customers have access to reliable energy services, emphasizing Con Edison’s dedication to community support and engagement.

Continued Expansion and Investments

Con Edison’s ambition to invest in future energy solutions is demonstrated through its subsidiary, Con Edison Transmission, Inc. This entity plays a key role under the supervision of the Federal Energy Regulatory Commission, focusing on electric transmission projects. By investing in joint ventures, Con Edison aims to enhance and manage both electric and gas assets effectively. Such strategies are pivotal for the advancement of their energy infrastructure.

Sustainability Efforts

Amidst the growing demands for sustainable energy solutions, Con Edison is also committed to exploring renewable energy projects. The company recognizes the importance of transitioning to sustainable practices that benefit not only their customers but also the environment. This commitment solidifies their position as a forward-thinking leader in the energy sector.

What Lies Ahead for Con Edison?

As we look to the future, it’s clear that Consolidated Edison, Inc. has a strategic plan in place to navigate changes within the energy industry. With innovative projects in the pipeline and an unwavering commitment to service excellence, the company is well-positioned for continued success. Stakeholders can anticipate future dividends as the company sustains its positive trajectory and delivers value to its investors.

Frequently Asked Questions

What is the recent dividend declared by Con Edison?

Con Edison declared a quarterly dividend of 85 cents per share on its common stock.

When will the dividend be paid to stockholders?

The dividend will be payable on September 15 to stockholders of record as of August 13.

What are the main services provided by Con Edison?

Con Edison provides electric, gas, and steam services primarily through its subsidiaries.

How significant are Con Edison’s annual revenues?

Con Edison reported approximately $15 billion in annual revenues.

What does Con Edison Transmission focus on?

Con Edison Transmission focuses on investments in electric transmission projects.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

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