ED Consolidated Edison, Inc.

Utilities · Utilities - Regulated Electric

9 · Strong Momentum 2.0 · Weak Safe Aristocrat

103.10

+0.38%

About the company

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,490 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, the company operates 552 circuit miles of transmission lines; 16 transmission substations; 63 distribution substations; 89,675 in-service line transformers; 3,764 pole miles of overhead distribution lines; and 2,417 miles of underground distribution lines, as well as 4,374 miles of mains and 379, 939 service lines for natural gas distribution. Further, it invests in electric and gas transmission projects. The company primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.

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3.40%

57.64%

3.51

38.1B

16.93

6.09

107.70

52-week range

103

low 95.0 high 116

Dividend deep dive

Consolidated Edison, Inc. (ED) operates in the Utilities - Regulated Electric sector. It currently offers a dividend yield of 3.33%, which sits near the lower end of its 5-year yield band (low 3.34% to high 4.14%). The company holds a strong rating score of 9.0. Its momentum score of 2.0 indicates a weak price trend, while a value score of 1.7 suggests the stock may be relatively expensive when compared to intrinsic value metrics.

Dividend history

Consolidated Edison, Inc. has a consistent history of dividend increases, spanning 29 consecutive years, which places it in the 'Champion' tier of dividend payers. The dividend has grown at a 3-year Compound Annual Growth Rate (CAGR) of 2.47% and a 5-year CAGR of 2.13%. At its current rate, the dividend doubling time is approximately 33.8 years. Annual dividends have steadily risen from $2.52 in 2014 to $3.24 in 2023, with projected amounts of $3.32 for 2024 and $3.40 for 2025, demonstrating modest but persistent growth.