Consolidated Edison, Inc. declared a quarterly dividend of 85 cents per share on its common stock, payable on March 14, 2025, to stockholders of record as of February 19, 2025. This represents an annualized increase of 8 cents over the previous annualized dividend of $3.32 per share. The new annualized dividend will be $3.40 per share.
This marks the 51st consecutive annual dividend increase for Con Edison, extending its record for the longest period of consecutive annual dividend increases of any utility in the S&P 500 index. Kirk Andrews, Con Edison's senior vice president and chief financial officer, stated that this reflects the company's emphasis on providing a return to investors while delivering reliable service during the clean energy transition.
The company continues to target a dividend payout ratio of between 55% and 65% of its adjusted earnings. This consistent dividend growth underscores Con Edison's financial stability and its commitment to shareholder value, supported by its regulated business model and ongoing investments.
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