CON EDISON DECLARES COMMON STOCK DIVIDEND
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Consolidated Edison, Inc. (NYSE: ED) announced a quarterly dividend of 85 cents per share, marking the 51st consecutive annual increase. This reflects an annualized increase of 8 cents over the previous dividend, highlighting the company's commitment to investor returns and its position as a leading utility in the S&P 500.
January 16, 2025 | 9:45 pm
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Con Edison declared a quarterly dividend of 85 cents per share, an annualized increase of 8 cents, marking the 51st consecutive annual increase. This demonstrates the company's strong financial health and commitment to shareholder returns.
The announcement of a dividend increase is typically seen as a positive signal for investors, indicating the company's strong financial position and commitment to returning value to shareholders. The 51st consecutive annual increase further solidifies Con Edison's reputation as a reliable dividend-paying utility, likely leading to a positive short-term impact on its stock price.
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