Con Ed Maintains Dividend

Consolidated Edison (NYSE: ED  ) is hewing to its long-standing tradition of distributing a shareholder payout. The company has declared a quarterly common stock dividend of $0.615 per share, to be paid on December 15 to shareholders of record as of November 13. That amount matches each of the firm's three preceding distributions, the most recent of which was paid in September. Prior to that, Con Edison was less generous by $0.01, handing out $0.605 per share.

The firm has been a regular and steady dividend payer for decades. It has increased its disbursement for 39 consecutive years.

The just-declared dividend annualizes to $2.46 per share. That yields 4.3% at Con Ed's most recent closing stock price of $56.86.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2690146, ~/Articles/ArticleHandler.aspx, 7/24/2014 3:43:51 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.