Consolidated Edison (ED) DIvidends Date & History

Key Takeaways

• Consolidated Edison offers a current dividend yield of approximately 3.26% with an annualized dividend of $3.55 per share paid quarterly.
• The company maintains a strong dividend growth streak of over 50 consecutive annual increases, the longest among S&P 500 utilities.
• Payout ratio targets 55% to 65% of adjusted earnings, supporting sustainability amid regulated utility cash flows.
• Free cash flow and earnings coverage appear adequate for ongoing dividend payments given the stable business model.
• The stock appeals to income-focused and conservative dividend investors seeking consistency over high growth.
• Recent ex-dividend date was August 19, 2026, with payment scheduled for September 15, 2026.

Dividend Overview

Consolidated Edison, Inc. (ED) operates as a regulated utility providing electric, gas, and steam services primarily in New York. The company follows a conservative dividend policy focused on steady payouts supported by predictable regulated revenues. Its current annualized dividend stands at $3.55 per share, translating to a yield of about 3.26%. Dividends are distributed quarterly, positioning (ED) as a classic dividend growth stock rather than a high-yield play. The modest yield reflects a balance between income generation and reinvestment in infrastructure for the clean energy transition.

Dividend History and Growth

Consolidated Edison has increased its dividend for more than 50 consecutive years, marking the longest streak among S&P 500 utilities. The most recent increase raised the quarterly dividend to 83 cents, contributing to the $3.55 annualized total. Growth has been measured, averaging around 2% to 3% annually in recent periods, consistent with the company’s strategy of sustainable increases tied to earnings and regulatory approvals. Payments have remained uninterrupted through economic cycles, underscoring a long-term commitment to shareholder returns.

Dividend Sustainability and Payout Ratio

The company targets a payout ratio of 55% to 65% of adjusted earnings, currently hovering near 55% to 60%. This level provides a comfortable buffer for dividend coverage from earnings and free cash flow. As a regulated utility, Consolidated Edison benefits from stable cash generation, though it carries moderate debt typical of the sector for capital projects. Overall financial stability supports continued dividend sustainability without reliance on aggressive leverage or one-time gains.

Dividend Compared to Industry Peers

Within the electric utility sector, Consolidated Edison’s yield of 3.26% exceeds the industry average of approximately 2.74%. Peers often feature similar quarterly payment schedules and regulated earnings profiles, but few match (ED)’s extended dividend growth record. This positions the stock as offering relatively attractive income compared to sector counterparts while maintaining comparable risk characteristics.

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Is This Stock Attractive for Dividend Investors?

Consolidated Edison (ED) may suit income investors prioritizing reliable quarterly payments and a proven growth streak over rapid yield expansion. Its regulated utility profile appeals to conservative, long-term dividend investors who value stability and modest growth in payouts. Dividend growth investors could find the multi-decade increase history attractive, though the yield remains moderate. The stock is less ideal for those seeking high current income or aggressive capital appreciation. Overall, (ED) presents a balanced profile for investors focused on defensive income generation within the utilities sector.

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