Investment expert Jim Cramer has publicly endorsed Consolidated Edison (ED), citing its consistency in payments to shareholders. Supported by a strong revenue of $15B, the company has consistently declared and maintained its quarterly dividends. Over the years, ED's earnings growth has been modest compared to the 9.8% yearly return to shareholders. Despite this, the company remains a steady choice for investors, known for its reliable operations even in times of market uncertainty.
The company is seen as a safe dividend stock, with dividends per share announced at US$0.85 for the quarter. It is regularly offering common shares for sale and is set to present its clean energy future initiatives to stakeholders and investors in webcasts, signifying its dedication to sustainability. Consolidated Edison is also recognized for its yields with over 3% yield, earning it the title of Dividend Aristocrat.
However, it has been facing opposition for its proposed rate hikes, including a double-digit proposal strongly contested by New Yorkers and officials. Despite this, its stock performance remains competitive compared to other utility stocks, often outperforming benchmarks and reaching all-time highs. The company plans to report their 2024 earnings soon, with investors keenly waiting.
Consolidated Edison ED News Analytics from Tue, 04 Jun 2024 07:00:00 GMT to Fri, 18 Apr 2025 19:28:39 GMT - Rating 7 - Innovation 2 - Information 8 - Rumor -6
