I acquired EDE stock through inheritance and at the risk of showing my ignorance, since I am new at this, I wonder if someone could explain why the dividend per share is only one cent lower than the earnings per share. My other utilities have a much wider spread. Thanks for any information.
You certainly want the dividend covered by earnings with as much left over as possible...the higher the margin the better, of course, but I don't think it's that big a deal as long as the dividend IS covered and earnings are increasing. Historically, a lot of utilities have toughed it out paying dividends that weren't covered until finances improved. So as always, the question is: what are the prospects from here going forward.