Here's How You Can Earn $100 In Passive Income By Investing In Consolidated Edison Stock

Consolidated Edison Inc. ED engages in the regulated electric, gas, and steam delivery businesses in the U.S.

The 52-week range of Consolidated Edison stock price was $87.28 to $114.87.

Consolidated Edison's dividend yield is 3.22%. It paid $3.40 per share in dividends during the last 12 months.

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The Latest On Consolidated Edison

On May 1, the company announced its Q1 2025 earnings, posting adjusted EPS of $2.26, compared to the consensus estimate of $2.20, and revenues of $4.80 billion, compared to the consensus of $4.44 billion, as reported by Benzinga.

"We anticipate steady growth through the year and long term, and project nearly $72 billion in capital investments over the next 10 years helping ensure we continue to deliver for our customers while providing strong and stable returns for our investors," said CEO Tim Cawley.

Check out this article by Benzinga for 11 analysts' insights on Consolidated Edison.

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How Can You Earn $100 Per Month As A Consolidated Edison Investor?

If you want to make $100 per month — $1,200 annually — from Consolidated Edison dividends, your investment value needs to be approximately $37,267, which is around 353 shares at $105.71 each. 

Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.22% in this case). So, $1,200 / 0.0322 = $37,267 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.

The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Consolidated Edison stock an attractive option for making a steady income of $100 per month by owning 353 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Consolidated Edison has raised its dividend consecutively for the last 51 years. 

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