1 Cash-Rich Utility Retirees Can Count On to Protect Their Future Financial Plans

1 hour ago 5

Alex Sirois

Sat, June 27, 2026 astatine 7:59 AM CDT 3 min read

Quick Read

Con Ed (ED) extended its Dividend King streak to 52 years with a 4.4% raise, backed by a blimpish 58% guardant payout ratio.
A Moody's antagonistic outlook and $6.6 cardinal capex program requiring $1.1 cardinal successful caller equity awesome meaningful dilution hazard if involvement rates enactment elevated.
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Few stocks gain their spot successful a retiree's portfolio the mode Consolidated Edison (NYSE:ED) has. The New York inferior delivers electricity, gas, and steam to astir 3.7 cardinal electrical customers crossed the country's busiest commercialized territory and conscionable notched its 52nd consecutive twelvemonth of dividend increases. Is that streak built to past different decade?

Dividend Snapshot

Payout Ratios Leave Room, but Free Cash Flow Is the Catch

Con Ed paid $1.166 cardinal successful dividends successful 2025 against $4.8 cardinal successful operating currency flow, an OCF payout ratio of conscionable 24.3%. On an net basis, the $5.93 trailing EPS easy covers the $3.55 payout, and management's 2026 adjusted EPS guidance of $6.00 to $6.20 drops the guardant net payout ratio adjacent 58%.

The catch: capex deed $4.764 cardinal successful 2025, leaving escaped currency travel level and historically negative. Like each regulated utility, Con Ed funds maturation with caller indebtedness and equity, which is wherefore the FCF payout ratio is not a cleanable awesome here.

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