Consolidated Edison, Inc.
ED44 yrs growthUtilities · Utilities - Regulated Electric · Stock · quarterly payer
Forward Yield
3.16%
Annual Dividend
$3.55
Payout Ratio
57%
5-Yr Growth
2.1%
Ex-Date
Nov 18, 2026
Frequency
Quarterly
Key facts about ED's dividend
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, Consolidated Edison, Inc. (ED) has a forward dividend yield of 3.16%, based on an annual dividend of $3.55 per share and a share price of $112.26.
- As of Oct 19, 2026, ED's dividend safety grade from SmarterDividends is A (92 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Consolidated Edison, Inc. (ED) has raised its dividend for 44 consecutive years as of Oct 19, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
- ED last cut its regular dividend in 1981.
- ED's next ex-dividend date is Nov 18, 2026, with payment on Dec 15, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 19, 2026, ED pays out 57% of its trailing 12-month earnings as dividends (its payout ratio).
- ED's dividend has grown at an average rate of 2.1% a year over the past five years.
- As of Oct 19, 2026, ED's 3.16% yield is 12% below its five-year average yield of 3.58%.
- As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for ED is $100.60 per share, 10% below the $112.26 share price, so ED screens as fairly valued.
- Consolidated Edison, Inc. (ED) pays its dividend quarterly, 4 times a year.
- Consolidated Edison, Inc. (ED) has raised its regular dividend 53 times and cut it 1 time across the 225 payments on record since 1970. Its most recent change was a 4.5% increase to $0.888 per share, going ex-dividend on Feb 18, 2026. The last cut went ex-dividend on Aug 1, 1974.
- Consolidated Edison (ED) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 4.5%, was declared on Jan 27, 2026.
Cite this page
SmarterDividends, "ED Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/ED
Summary
As of Oct 19, 2026, Consolidated Edison, Inc. (ED) yields 3.16% ($3.55 a year per share), has a dividend safety grade of A (92/100) and has 44 consecutive years of dividend increases on record.
Is ED a good dividend stock?
YesConsolidated Edison, Inc. (ED) pays a quarterly dividend yielding 3.16% ($3.55/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 (57%)
- 45% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 1981
Key Data
- Dividend Yield
- 3.16%
- Payout Ratio
- 57%
- Annual Dividend
- $3.55
- 5-Yr Avg Growth
- 2.1%
- Ex-Dividend Date
- Nov 18, 2026
- Years of Growth
- 44
- Frequency
- quarterly
- Beta
- 0.25
- Market Cap
- $41.5B
- P/E Ratio
- 18.5
- 5-Yr Total Return
- 45%
- 52-Week Range
- $94.96 – $116.23
- Dividend Safety
- A · 92/100
- Ever Cut?
- Yes (1981)
ED dividend raises and cuts
Consolidated Edison, Inc. (ED) has raised its regular dividend 53 times and cut it 1 time across the 225 payments on record since 1970. Its most recent change was a 4.5% increase to $0.888 per share, going ex-dividend on Feb 18, 2026. The last cut went ex-dividend on Aug 1, 1974.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 18, 2026 | Raise | $0.850 → $0.888 | +4.5% |
| Feb 19, 2025 | Raise | $0.830 → $0.850 | +2.4% |
| Feb 13, 2024 | Raise | $0.810 → $0.830 | +2.5% |
| Feb 14, 2023 | Raise | $0.790 → $0.810 | +2.5% |
| Feb 15, 2022 | Raise | $0.775 → $0.790 | +1.9% |
| Feb 16, 2021 | Raise | $0.765 → $0.775 | +1.3% |
| Feb 18, 2020 | Raise | $0.740 → $0.765 | +3.4% |
| Feb 12, 2019 | Raise | $0.715 → $0.740 | +3.5% |
| Feb 13, 2018 | Raise | $0.690 → $0.715 | +3.6% |
| Feb 13, 2017 | Raise | $0.670 → $0.690 | +3.0% |
| Feb 12, 2016 | Raise | $0.650 → $0.670 | +3.1% |
| Feb 13, 2015 | Raise | $0.630 → $0.650 | +3.2% |
Show all 54 changes since 1970
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 10, 2014 | Raise | $0.615 → $0.630 | +2.4% |
| Feb 11, 2013 | Raise | $0.605 → $0.615 | +1.7% |
| Feb 13, 2012 | Raise | $0.600 → $0.605 | +0.8% |
| Feb 14, 2011 | Raise | $0.595 → $0.600 | +0.8% |
| Feb 12, 2010 | Raise | $0.590 → $0.595 | +0.8% |
| Feb 13, 2009 | Raise | $0.585 → $0.590 | +0.9% |
| Feb 11, 2008 | Raise | $0.580 → $0.585 | +0.9% |
| Feb 12, 2007 | Raise | $0.575 → $0.580 | +0.9% |
| Feb 13, 2006 | Raise | $0.570 → $0.575 | +0.9% |
| Feb 14, 2005 | Raise | $0.565 → $0.570 | +0.9% |
| Feb 9, 2004 | Raise | $0.560 → $0.565 | +0.9% |
| Feb 10, 2003 | Raise | $0.555 → $0.560 | +0.9% |
| Feb 11, 2002 | Raise | $0.550 → $0.555 | +0.9% |
| Feb 12, 2001 | Raise | $0.545 → $0.550 | +0.9% |
| Feb 14, 2000 | Raise | $0.535 → $0.545 | +1.9% |
| Feb 12, 1999 | Raise | $0.530 → $0.535 | +0.9% |
| Feb 13, 1998 | Raise | $0.525 → $0.530 | +1.0% |
| Feb 14, 1997 | Raise | $0.520 → $0.525 | +1.0% |
| Feb 12, 1996 | Raise | $0.510 → $0.520 | +2.0% |
| Feb 9, 1995 | Raise | $0.500 → $0.510 | +2.0% |
| Feb 10, 1994 | Raise | $0.485 → $0.500 | +3.1% |
| Feb 10, 1993 | Raise | $0.475 → $0.485 | +2.1% |
| Feb 12, 1992 | Raise | $0.465 → $0.475 | +2.2% |
| Feb 7, 1991 | Raise | $0.455 → $0.465 | +2.2% |
| Feb 8, 1990 | Raise | $0.430 → $0.455 | +5.8% |
| Feb 9, 1989 | Raise | $0.400 → $0.430 | +7.5% |
| May 12, 1988 | Raise | $0.370 → $0.400 | +8.1% |
| Feb 11, 1987 | Raise | $0.335 → $0.370 | +10.4% |
| Feb 12, 1986 | Raise | $0.300 → $0.335 | +11.7% |
| Jan 31, 1985 | Raise | $0.265 → $0.300 | +13.2% |
| Feb 2, 1984 | Raise | $0.235 → $0.265 | +12.8% |
| Feb 3, 1983 | Raise | $0.210 → $0.235 | +11.9% |
| Feb 9, 1982 | Raise | $0.185 → $0.210 | +13.5% |
| May 7, 1981 | Raise | $0.168 → $0.185 | +10.4% |
| Jan 31, 1980 | Raise | $0.153 → $0.168 | +9.8% |
| Feb 1, 1979 | Raise | $0.138 → $0.153 | +10.9% |
| Feb 2, 1978 | Raise | $0.125 → $0.138 | +10.0% |
| Feb 3, 1977 | Raise | $0.100 → $0.125 | +25.0% |
| Feb 5, 1976 | Raise | $0.0750 → $0.100 | +33.3% |
| Feb 5, 1975 | Raise | $0.0500 → $0.0750 | +50.0% |
| Aug 1, 1974 | Cut | $0.113 → $0.0500 | −55.6% |
| May 4, 1970 | Raise | $0.0283 → $0.113 | +298.2% |
Frequently Asked Questions
Is ED a good dividend stock?
Yes. Consolidated Edison, Inc. (ED) pays a quarterly dividend yielding 3.16% ($3.55/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.
Is ED undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ED's fair value is about $100.60 versus a $112.26 share price — so it looks fairly valued (-10% vs. fair value).
Is ED's dividend safe?
ED has a dividend-safety grade of A (92/100), based on its payout coverage, free-cash-flow, 44-year growth streak, a dividend cut in 1981, debt and yield-versus-history.
What is ED's fair value?
Our blended fair-value estimate for ED is about $100.60 per share, about 10% below the current $112.26 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is ED a buy, hold, or sell?
We don't issue formal ratings, but on the data ED screens as "yes" and fairly valued. Consolidated Edison, Inc. (ED) pays a quarterly dividend yielding 3.16% ($3.55/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. This is research for your own analysis, not investment advice.
Will ED cut its dividend?
ED earns a dividend-safety grade of A (92/100), and has cut its dividend before (last in 1981). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does ED pay a dividend?
Yes. Consolidated Edison, Inc. pays a quarterly dividend of about $3.55 per share annually, a forward yield of roughly 3.16%.
What is ED's dividend yield?
As of Oct 19, 2026, ED's forward dividend yield is 3.16%, based on a $3.55 annual dividend and a $112.26 share price.
What is ED's dividend per share?
As of Oct 19, 2026, ED pays $3.55 per share per year, distributed on a quarterly basis.
What is ED's dividend payout ratio?
As of Oct 19, 2026, ED's payout ratio is 57% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has ED grown its dividend?
As of Oct 19, 2026, ED has increased its dividend for 44 consecutive years.
When is the next ED ex-dividend date?
As of Oct 19, 2026, the next ex-dividend date on record for ED is Nov 18, 2026.
ED Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+25%
5 Years
+45%
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 $100.60 per share, versus a market price of $112.26. That implies the stock is roughly fairly priced.
Fair Value
$100.60
Current Price
$112.26
Gap
-10%
Margin of Safety
-12%
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 6.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 6.6% growth for five years fading to 2.5% over the next five, $6.07 EPS, $3.55 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
Full ED dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 19, 2026 | Sep 15, 2026 | $0.8880 | regular |
| May 13, 2026 | Jun 15, 2026 | $0.8880 | regular |
| Feb 18, 2026 | Mar 16, 2026 | $0.8880 | regular |
| Nov 19, 2025 | Dec 15, 2025 | $0.8500 | regular |
| Aug 13, 2025 | Sep 15, 2025 | $0.8500 | regular |
| May 14, 2025 | Jun 16, 2025 | $0.8500 | regular |
| Feb 19, 2025 | Mar 14, 2025 | $0.8500 | regular |
| Nov 13, 2024 | Dec 16, 2024 | $0.8300 | regular |
| Aug 14, 2024 | Sep 16, 2024 | $0.8300 | regular |
| May 14, 2024 | Jun 14, 2024 | $0.8300 | regular |
| Feb 13, 2024 | Mar 15, 2024 | $0.8300 | regular |
| Nov 14, 2023 | Dec 15, 2023 | $0.8100 | regular |
| Aug 15, 2023 | Sep 15, 2023 | $0.8100 | regular |
| May 16, 2023 | Jun 15, 2023 | $0.8100 | regular |
Income Calculator
At $3.55 / yr per share
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