ConEd: Another Dividend, So It Goes.

Consolidated Edison, or ConEd as the people who pay the bills call it, will be reporting numbers on February 19th. They sell electricity, mostly to New York City. A simple business, really. And they send out checks to shareholders. A predictable business. They’ve been doing both for a long time. The important thing, if you’re the type who cares about these things, is that February 18th is the last day to buy the stock and get the next dividend. Which, of course, will be promptly reinvested into more ConEd stock. The circle of life, powered by fossil fuels. So it goes.

What to Expect, If Anything

They made $1.90 a share last quarter, which was better than the quarter before. Numbers go up, numbers go down. It’s the nature of things. They’re now predicting somewhere between $5.60 and $5.70 for the year. Which means, roughly, they’ll make that. Or maybe they won’t. It’s hard to say. The stock didn’t move much after the last report. People aren’t easily impressed. But it has gone up about 17% recently. Apparently, lower interest rates and the dream of artificial intelligence needing a lot of power are good for utility stocks. A curious thought, that machines will require more electricity. It feels… inevitable. So it goes.

Loading widget...

Through September, they’d earned $4.82 a share. So, if they hit their prediction, they’ll probably report around 80 cents a share this quarter. Not a fortune. Not a disaster. The stock probably won’t do much. Which, honestly, is probably for the best. Excitement is overrated. So it goes.

The Dividend, A Tiny Victory

They’re giving out a dividend on March 16th. 88.75 cents a share. They’ve been increasing that dividend for 52 years. 52 years. That’s a lot of dividends. They call themselves a “Dividend King.” A silly title, but who are we to judge? It yields 3.1%, which is more than double what the S&P 500 is paying. A small triumph in a world full of disappointment. So it goes.

Buy It, Or Don’t. It Doesn’t Really Matter.

They’re reporting earnings this week, and it won’t change much. But if you want that dividend – that tiny, symbolic reward for participating in the great game of capitalism – you need to buy the stock before February 19th. Otherwise, you can wait. See if it cools off. Though, cooling off seems unlikely. Everything just keeps getting hotter, doesn’t it? So it goes.

Read More

2026-02-17 14:12