Analysis – Consolidated Edison Inc. Increases Dividend by 3%

ED

Consolidated Edison Incorporated announced a regular quarterly dividend of $0.67 per share, a 3 percent increase from the prior rate of $0.65 per share.  The dividend will be paid at the new higher rate on February 12, 2016 to shareholders of record at close of business on January 18, 2016.

Date Quarterly Dividend
2/12/2016 0.67
11/16/2015 0.65
8/17/2015 0.65
5/18/2015 0.65
2/13/2015 0.65
11/7/2014 0.63
8/11/2014 0.63
5/12/2014 0.63
2/10/2014 0.63
11/8/2013 0.615
8/12/2013 0.615
5/13/2013 0.615
2/11/2013 0.615
11/9/2012 0.605
8/13/2012 0.605
5/14/2012 0.605
2/13/2012 0.605
11/14/2011 0.6
8/15/2011 0.6
5/16/2011 0.6
2/14/2011 0.6
11/15/2010 0.595
8/16/2010 0.595

Analysis of Valuation of Consolidated Edison Inc. (Symbol ED).

Consolidated Edison is trading above its average price/sale (P/S) range. Consolidated Edison is trading toward the top of its average dividend yield range.

Price 1/16/16 % Yield 5 Year Div. Growth Rate SPS 2015 P/S  Ratio 10 yr P/S  Low 10 yr P/S  High 5 yr max Yield % 5 yr lowest Yield %
69.10 3.6% 2 44.70 1.28 0.69 1.54 4.8% 3.7%

 

Explanation:  Dividend growth stocks may be valued upon historical relative price/sales and current yield analysis. Dividend stocks trading at a low historical price/sales (P/S) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/S ratio stocks.  Max P/S price target is based upon company reaching its highest historical P/S ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years.

Further information on evaluating dividend growth candidates can be found

at http://seekingalpha.com/author/timothy-mcintosh/articles

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