LONDON, UK / ACCESSWIRE / February 12, 2018 / Active-Investors has a free review on Consolidated Edison, Inc. (NYSE: ED) following the Company's announcement that it will begin trading ex-dividend on February 13, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on February 12, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on ED:
www.active-investors.com/registration-sg/?symbol=ED
If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:
www.active-investors.com/registration-sg
Dividend Declared
On January 18, 2018, Consolidated Edison declared a quarterly dividend of $0.715 per share on its common stock, payable March 15, 2018, to stockholders of record as of February 14, 2018, an annualized increase of $0.10 per share over the previous annualized dividend of $2.76 a share.
Consolidated Edison's indicated dividend represents a yield of 3.80%, which is substantially higher compared to the average dividend yield of 2.49% for the Utilities sector. The recent dividend hike is the Company's 44th consecutive annual increase for stockholders. The increase continues the longest period of consecutive annual dividend increases of any utility in the S&P 500 index. Consolidated Edison expects to continue to pay its stockholders between 60% and 70% of its adjusted earnings.
Dividend Insight
Consolidated Edison has a dividend payout ratio of 69.8%, which means that the Company spends approximately $0.70 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Consolidated Edison is forecasted to report earnings of $4.26 for the next year, which is considerably above the Company's annualized dividend of $2.86 per share.
As of September 30, 2017, Consolidated Edison had cash and temporary cash investments of $69 million and total current assets of $3.10 billion For the nine months ended September 30, 2017, the Company's net cash flows from operating activities totaled $2.23 billion compared to $2.34 billion for the year ago same period. Consolidated Edison's balance sheet remains strong and the Company is well positioned over the long-term to sustain its dividend distribution.
Earnings Announcement
On January 23, 2018, Consolidated Edison announced that it will release its 2017 earnings result on February 15, 2018, after the market closes.
About Consolidated Edison
Consolidated Edison is one of the United States largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $49 billion in assets. The Company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., Orange and Rockland Utilities, Inc., Con Edison Clean Energy Businesses, and Con Edison Transmission, Inc.
Consolidated Edison was founded in 1884 and is based in New York, New York.
Stock Performance Snapshot
February 09, 2018 - At Friday's closing bell, Consolidated Edison's stock climbed 2.89%, ending the trading session at $76.89.
Volume traded for the day: 2.79 million shares, which was above the 3-month average volume of 1.97 million shares.
Stock performance in the past twelve-month period - up 3.36%
After last Friday's close, Consolidated Edison's market cap was at $23.17 billion.
Price to Earnings (P/E) ratio was at 19.28.
The stock has a dividend yield of 3.72%.
The stock is part of the Utilities sector, categorized under the Electric Utilities industry. This sector was up 1.8% at the end of the session.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
