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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Consolidated Edison (NYSE: ED) is tomorrow, November 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 61 cents per share. At a price of $56.50 as of 9:30 a.m. ET, the dividend yield is 4.2%.

The average volume for Consolidated Edison has been 1.3 million shares per day over the past 30 days. Consolidated Edison has a market cap of $16.92 billion and is part of the utilities sector and utilities industry. Shares are down 9.3% year to date as of the close of trading on Wednesday.

Consolidated Edison, Inc., through its subsidiaries, provides energy services to residential, commercial, industrial, and government customers in the United States. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Consolidated Edison as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Consolidated Edison Ratings Report.

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