#USA #New York #dividends #Con Edison #NYSE ED

Con Edison Announces Dividend Increase

Consolidated Edison, Inc., commonly referred to as Con Edison, has made a notable declaration regarding dividends that is expected to please its shareholders. The company, listed under NYSE: ED, announced a quarterly dividend of 88.75 cents per share on its common stock. This dividend is set to be distributed on March 16, 2026, to stockholders who are officially registered by February 18, 2026.

This marked the 52nd consecutive annual dividend increase for Con Edison, reinforcing its standing as a leader with the longest streak of annual dividend increases among utility companies in the S&P 500 index. Kirk Andrews, the senior vice president and chief financial officer of Con Edison, expressed that this increase reflects the company’s ongoing commitment to provide investors with returns while maintaining safe, reliable, and resilient service as the energy sector transitions towards cleaner energy practices.

The increase in the dividend represents an annualized rise of $0.15 over the previous rate of $3.40 per share. Con Edison continues to maintain a target dividend payout ratio of between 55% and 65% of its adjusted earnings.

Importance of Dividend Payments

Dividend payments are crucial not only for corporate integrity but also signify a company's health and stability. By consistently increasing dividends over more than five decades, Con Edison exemplifies its robust cash flow and commitment to returning value to its shareholders. This practice promotes investor loyalty and confidence, which are essential ingredients for long-term financial success.

In conjunction with this favorable news, the press release also contains forward-looking statements regarding Con Edison’s future financial performance. Notably, these expectations are subject to changes depending on external factors that could cause actual results to differ significantly. It’s important for investors to weigh these considerations carefully, as forward-looking statements inherently involve risks.

About Con Edison

Consolidated Edison, Inc. serves a broad spectrum of energy-related products and services through several subsidiaries. Primarily, the Consolidated Edison Company of New York, Inc. (CECONY) delivers electric services in New York City and surrounding areas, including gas service in certain boroughs and steam service in Manhattan. Additionally, Orange and Rockland Utilities, Inc. (OR) operates in a sizeable 1,300-square mile region, servicing parts of southeastern New York State and northern New Jersey. Lastly, Con Edison Transmission, Inc. focuses on developing and investing in electric transmission projects, further diversifying the company's capabilities in the energy sector.

As the energy industry continues evolving, companies like Con Edison that prioritize investor returns alongside sustainable operations will likely play a pivotal role in shaping the future landscape of energy services. In a world aiming for a clean energy transition, Con Edison remains a prominent figure by balancing shareholder interests with a dedication to providing essential utility services.

For additional updates on Con Edison’s performance and future plans, investors can keep an eye on forthcoming earnings reports and stakeholder communications for insights into how the company is navigating the dynamically changing energy landscape.