EXE is at the the top do not buy at these prices, can not pay dividend.
The company declared a quarterly dividend of $0.31 per share of its common stock, to be paid on June 10 to shareholders of record as of May 15. That amount is 41% lower than each of Exelon's three previous distributions of $0.525 per share, the most recent of which was handed out in February.
The reason this stock has exceded a reasonable price to divdend payout ratio is higher nat gas prices along with a longer and colder then agerage winter.There two factors could drive revenues much higher then expected. With that being said, the company may consider higher dividend payouts in the near future.
Most large utilities (electric & diversified) look about the same recently (up/up/and up more). Investors must be chasing the yields that utilities provide with interest rates so low. This is the only explanation I can think of.
EXC has a significant weighting in Utility ETFs such as XLU and that undoubtedly has provided demand. Index funds also including Value indices. Also heard that Europeans are buying many dividend paying stocks in the U.S.