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Exelon Declares Reduced Dividend

By Eric Volkman - Apr 24, 2013 at 5:10PM

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The company slices its payout by more than 40%.

Exelon (EXC 1.40%) has moderated its generosity, at least with respect to stockholder payouts. The company declared a quarterly dividend of $0.31 per share of its common stock, to be paid on June 10 to shareholders of record as of May 15. That amount is 41% lower than each of Exelon's three previous distributions of $0.525 per share, the most recent of which was handed out in February.

This will not come as a surprise to the firm's stockholders, however. Earlier this year, the company announced it would trim its payout.

The new dividend annualizes to $1.24 per share. That yields 3.3% at Exelon's current stock price of $37.13.

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Exelon Corporation Stock Quote
Exelon Corporation
EXC
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