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Consolidated Edison raises quarterly dividend to 89 cents

The utility boosted its payout 4.4% and has increased dividends for 52 consecutive years, with a projected payout ratio decline to 55.2% in 2027.

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MarketBeat Ratings highlights Consolidated Edison as one of three dividend-focused utility stocks after the company met a screen centered on long dividend raise streaks and financial capacity for future increases.

The outlet says Consolidated Edison, which it describes as a major energy supplier to New York City, has a market capitalization just under $40 billion and about $17 billion in annual sales.

According to MarketBeat Ratings, the company declared its 52nd consecutive dividend payout increase in January, lifting the quarterly amount 4.4% to 89 cents, and noted the stock’s low beta of 0.27 as a sign of lower market sensitivity.

MarketBeat Ratings also cited dividend and balance sheet metrics, including a current dividend yield of 3.3%, an estimated payout ratio around 59.8% that it projects will fall to 55.2% in 2027, and recent share performance of about a 3% gain over the prior 12 months.

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