Consolidated Edison (NYSE:ED) announced an increased dividend of $0.8875 per share, to be paid on March 16th, resulting in a 3.3% dividend yield. While the dividend is well-covered by earnings, negative free cash flows raise some concerns about the balance sheet. The company has a consistent dividend growth record, and future EPS growth is expected to make the payout ratio sustainable.
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Consolidated Edison (NYSE:ED) Will Pay A Larger Dividend Than Last Year At $0.8875
Consolidated Edison (NYSE:ED) announced an increased dividend of $0.8875 per share, to be paid on March 16th, resulting in a 3.3% dividend yield. While the dividend is well-covered by earnings, negative free cash flows raise some concerns about the balance sheet. The company has a consistent dividend growth record, and future EPS growth is expected to make the payout ratio sustainable.