Dividend Aristocrat Overview: Consolidated Edison, Inc.

Consolidated Edison has increased dividends since 1975 by
keeping the power flowing in New York City.
Photo: Freeimages.com/Noel Abejo

About Consolidated Edison

Consolidated Edison, Inc. (Con Ed) provides electricity, gas and steam power to nearly 5.5 million customers in metropolitan New York City, southeastern New York State, northern New Jersey and eastern Pennsylvania through its subsidiaries Consolidated Edison Company of New York, Orange & Rockland Utilities Inc, Pike County Light & Power Company, and Rockland Electric Company.  In addition to the regulated utility business, Con Ed also has three separate competitive business segments that are less regulated: Con Edison Solutions sells electricity directly to customers in the Northeast and Mid-Atlantic regions, Con Edison Development develops and participates in energy infrastructure projects, and Con Edison Energy brokers electric energy and capacity and provides risk management services for Con Edison Solutions and other companies.

The company is a member of the S&P 500 index and trades under the ticker symbol ED.

Consolidated Edison’s Dividend and Stock Split History

Con Ed has increased dividends annually since 1975 and met the Dividend Aristocrat criteria of 25 straight years of dividend growth in 1999.  Con Ed announces annual increases in January, and the stock goes ex-dividend in February.

Con Ed has compounded its payout at an average rate of 2.7% over the last 5 years and 1.8% over the last 10 years.

Con Ed has split its stock twice since beginning its record of annual dividend growth in 1975.  Both stock splits were 2 for 1 and occurred in June 1982 and June 1989.

Direct Purchase and Dividend Reinvestment Plans

Con Ed offers both a direct purchase and dividend reinvestment plan.  If you’re interested in participating in the plans, minimum purchase is $100.  The only fee for purchases is a $2 fee per purchase, whether by check or by automatic debit.  The company pays all other fees, including set up and dividend reinvestment fees.

When you decide to sell your shares in the plan, you’ll pay $10 per sell order plus 10 cents per share sold. 

Helpful Links

Consolidated Edison Investor Relations Website

Current quote and financial summary for Consolidated Edison (finviz.com)

Information on the direct purchase and dividend reinvestment plans for ED

 

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