Consolidated Edison, Inc.
ED44 yrs growthUtilities · Stock · quarterly payer
Forward Yield
3.13%
Annual Dividend
$3.51
Payout Ratio
58%
5-Yr Growth
2.1%
Ex-Date
Aug 19, 2026
Frequency
Quarterly
Summary
As of July 2026, Consolidated Edison, Inc. (ED) yields 3.13% ($3.51 per share annually), with a blended fair-value estimate of $105.44 — -6% downside, so it screens as fairly valued. Dividend safety grade: A (92/100). 44 years of dividend growth.
Is ED a good dividend stock?
YesConsolidated Edison, Inc. (ED) pays a quarterly dividend yielding 3.13% ($3.51/yr), with 44 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 44 consecutive years of growth
- Comfortable payout ratio (58%)
- 49% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 1981
Key Data
- Dividend Yield
- 3.13%
- Payout Ratio
- 58%
- Annual Dividend
- $3.51
- 5-Yr Avg Growth
- 2.1%
- Ex-Dividend Date
- Aug 19, 2026
- Years of Growth
- 44
- Frequency
- quarterly
- Beta
- 0.26
- Market Cap
- $41.4B
- P/E Ratio
- 18.9
- 5-Yr Total Return
- 49%
- 52-Week Range
- $94.96 – $116.23
- Dividend Safety
- A · 92/100
- Ever Cut?
- Yes (1981)
Frequently Asked Questions
ED Price — Last 12 Months
Daily close
Price Return
1 Year
+14%
3 Years
+26%
5 Years
+49%
52-Week Range
$94.96 – $116.23
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ED worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Consolidated Edison, Inc. is $105.44 per share, versus a market price of $112.37. That implies the stock is roughly fairly priced.
Fair Value
$105.44
Current Price
$112.37
Gap
-6%
Margin of Safety
-7%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 6.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 6.5% stage-1 growth, 2.5% terminal growth, $5.93 EPS, $3.51 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ED Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 13, 2026 | — | $0.8880 | regular |
| Feb 18, 2026 | — | $0.8880 | regular |
| Nov 19, 2025 | — | $0.8500 | regular |
| Aug 13, 2025 | — | $0.8500 | regular |
| May 14, 2025 | — | $0.8500 | regular |
| Feb 19, 2025 | — | $0.8500 | regular |
| Nov 13, 2024 | — | $0.8300 | regular |
| Aug 14, 2024 | — | $0.8300 | regular |
| May 14, 2024 | — | $0.8300 | regular |
| Feb 13, 2024 | — | $0.8300 | regular |
| Nov 14, 2023 | — | $0.8100 | regular |
| Aug 15, 2023 | — | $0.8100 | regular |
| May 16, 2023 | — | $0.8100 | regular |
| Feb 14, 2023 | — | $0.8100 | regular |
Income Calculator
At $3.51 / yr per share
