Con Edison also announced that it is increasing its dividend for the 39th consecutive year. The company declared a quarterly dividend of 61 1/2 cents a share on its common stock, payable March 15, 2013 to shareholders of record as of February 13, 2013, an annualized increase of 4 cents over the previous annualized dividend of $2.42 a share. "The dividend reflects our continued emphasis on providing a return to our investors, who play an important role in raising capital to make infrastructure investments.
Right now, this stock is undervalued something fierce. People don't get the premium it has over other utilities based on not being subject to cost of materials, pensions and a fairly cozy deal with NYS.