#United States #New York #Dividend #Consolidated Edison #NYSE ED

Con Edison Declares Quarterly Common Stock Dividend

Consolidated Edison, Inc., often referred to as Con Edison, has made a significant announcement regarding its upcoming dividend payments. This prominent New York-based energy company has declared a quarterly dividend of 85 cents per share on its common stock. This payment is applicable to all shareholders who are on record as of May 14, 2025, with the actual disbursement date set for June 16, 2025.

As one of the largest investor-owned energy delivery firms in the United States, Con Edison plays a crucial role in providing reliable energy to millions of customers. For the fiscal year ending December 31, 2024, the company reported impressive annual revenues amounting to approximately $15 billion. Furthermore, its assets totaled around $71 billion by the end of the same year. This solid financial footing allows Con Edison to maintain its commitment to rewarding its shareholders through dividends even amid fluctuating market conditions.

Con Edison operates several subsidiaries to deliver services effectively across different regions. Consolidated Edison Company of New York, Inc. (CECONY) is its main utility provider, serving New York City and other areas with essential services such as electric, gas, and steam. Meanwhile, Orange and Rockland Utilities, Inc. (OR) caters to customers over an expansive 1,300-square-mile area across southeastern New York and northern New Jersey. Another key entity, Con Edison Transmission, Inc., focuses on electric and gas assets under federal regulatory supervision while pursuing innovative electric transmission projects via joint ventures.

This dividend declaration reflects Con Edison’s ongoing dedication to its investors, giving them a consistent return on their investments. The company’s strategic decision to offer a quarterly dividend reinforces its commitment to delivering value and maintaining investor confidence.

Shareholders should keep an eye on upcoming events as Con Edison approaches the dividend payment date. May 14, 2025, is the critical date for shareholders to ensure they are listed as eligible for this dividend payout. Con Edison continues to thrive in the energy sector, illustrating its resilience and commitment to financial growth while supporting its shareholders's interests.

In summary, as Con Edison navigates the complex landscape of energy delivery in today’s market, it remains steadfast in its mission to deliver value not only through superior service and infrastructure but also via its regular dividend payments, which serve as a testament to its solid financial health and operational success. Investors and stakeholders alike will likely welcome the news of this dividend, anticipating a successful payout in the coming months.