Consolidated Edison Declares Dividend Amidst Upcoming Earnings Report

Consolidated Edison Declares Dividend Amidst Upcoming Earnings Report

Consolidated Edison, Inc. (Con Edison) (NYSE: ED) has declared a quarterly dividend of 88.75 cents per share on its common stock, payable on September 15, 2026, to shareholders of record as of August 19, 2026. This announcement comes ahead of the company’s scheduled release of its second-quarter 2026 earnings report on August 6, 2026.

Dividend Declaration

On July 16, 2026, Con Edison declared a quarterly dividend of 88.75 cents per share. This consistent dividend payout reflects the company’s commitment to returning value to its shareholders.

Upcoming Earnings Report

Con Edison plans to report its second-quarter 2026 earnings on August 6, 2026, after the market closes. Investors and analysts are keenly awaiting this report to assess the company’s financial performance and outlook.

Recent Financial Performance

In the first quarter of 2026, Con Edison reported net income for common stock of $924 million, or $2.55 per share, compared to $791 million, or $2.26 per share, in the same period of 2025. Adjusted earnings (non-GAAP) were $790 million, or $2.18 per share, in the 2026 period, compared to $792 million, or $2.26 per share, in the 2025 period.

Analyst Ratings

In recent months, analysts have adjusted their ratings for Con Edison. Mizuho downgraded the stock to ‘Neutral’ from ‘Outperform,’ citing a constrained growth trajectory and valuation concerns. Additionally, Morgan Stanley lowered its price target to $99 from $105, maintaining an ‘Underweight’ rating.

Stock Performance

As of July 24, 2026, Con Edison’s stock (NYSE: ED) closed at $113.01, reflecting a slight increase of 0.19% from the previous close. The stock has experienced fluctuations in recent months, influenced by earnings reports and analyst ratings.

Conclusion

Con Edison’s recent dividend declaration and upcoming earnings report are pivotal events for investors. The company’s financial performance and analyst assessments will likely influence its stock trajectory in the near term.