Consolidated Edison Stock To Go Ex-dividend Monday (ED)

NEW YORK ( TheStreet) -- The ex-dividend date for Consolidated Edison (NYSE: ED) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 61 cents per share. At a price of $59.28 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for Consolidated Edison has been 1.8 million shares per day over the past 30 days. Consolidated Edison has a market cap of $17.1 billion and is part of the utilities sector and utilities industry. Shares are down 4.3% year to date as of the close of trading on Thursday.

Consolidated Edison, Inc., through its subsidiaries, provides energy services to residential, commercial, industrial, and government customers in the United States. The company, through its subsidiary, Consolidated Edison Company of New York, Inc. The company has a P/E ratio of 16.6, above the average utilities industry P/E ratio of 16.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Consolidated Edison as a buy. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Consolidated Edison Ratings Report.

See our dividend calendar or top-yielding stocks list.
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