Consolidated Edison Inc ( ED ) will begin trading ex-dividend on May 16, 2016. A cash dividend payment of $0.67 per share is scheduled to be paid on June 15, 2016. Shareholders who purchased ED prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 3.08% increase over the same period a year ago. At the current stock price of $74.96, the dividend yield is 3.58%.
The previous trading day's last sale of ED was $74.96, representing a -2.94% decrease from the 52 week high of $77.23 and a 31.83% increase over the 52 week low of $56.86.
ED is a part of the Public Utilities sector, which includes companies such as Duke Energy Corporation ( DUK ) and Exelon Corporation ( EXCU ). ED's current earnings per share, an indicator of a company's profitability, is $3.84. Zacks Investment Research reports ED's forecasted earnings growth in 2016 as -1.45%, compared to an industry average of -2.1%.
Interested in gaining exposure to ED through an Exchange Traded Fund [ETF]?
The following ETF(s) have ED as a top-10 holding:
- PowerShares Russell Midcap Pure Value Portfolio ( PXMV )
- ProShares DJ Brookfield Global Infrastructure ETF ( TOLZ ).
The top-performing ETF of this group is TOLZ with an increase of 9.29% over the last 100 days. PXMV has the highest percent weighting of ED at 1.47%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.