How Much Would It Take To Earn $100 A Month From Consolidated Edison Stock

Consolidated Edison, Inc. ED is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York – including New York City – and small parts of New Jersey.

The company will report its Q3 2024 earnings on October 31. Wall Street analysts expect the company to post an EPS of $1.64, up from $1.62 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $4.08 billion, up from $3.87 billion in the year-ago period.

Trending Now:

• This billion-dollar fund has invested in the next big real estate boom, here's how you can join for $10.
  This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.
• A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.
  This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.

The 52-week range of Consolidated Edison’s stock price was $80.46 to $105.99.

Consolidated Edison’s stock dividend yield is 3.29%. It paid $3.32 per share in dividends during the last 12 months.

The Latest On Consolidated Edison

On Aug. 1, Consolidated Edison reported its Q2 2024 earnings, posting adjusted EPS of $0.59, beating the consensus of $0.57 and revenues of $3.22 billion, compared to the consensus estimate of $3.18 billion, as reported by Benzinga.

“We remain confident in our outlook for the year and maintain our 2024 adjusted earnings per share guidance range. We expect electric volumes to grow in the coming years as New Yorkers transition from fossil fuels to heat their buildings and power their vehicles, providing us with attractive investment opportunities that will enable us to continue our long record of strong, stable returns for our investors," said Kirk Andrews, senior vice president and CFO of Con Edison. 

For 2024, the company reaffirmed its previous forecast of adjusted earnings per share in the range of $5.20 to $5.40 per share.

Check out this recent article by Benzinga, which compares Consolidated Edison and another utility company to determine which one is a better value stock now.

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 $36,474, which is around 362 shares at $100.81 each. 

Read More:

• With returns as high as 300%, it’s no wonder this asset is the investment choice of many billionaires. Uncover the secret.
• Rory McIlroy’s mansion in Florida is worth $22 million today, doubling from 2017 — here’s how to get started investing in real estate with just $100.

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (3.29% in this case). So, $1,200 / 0.0329 = $36,474 to generate an income of $100 per month.

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

The dividend yield can change over time as a result of fluctuating stock prices and dividend payments on a rolling basis.

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 362 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Consolidated Edison has raised its dividend consecutively for the last 50 years. 

A 9% Return In Just 3 Months

EquityMultiple's ‘Alpine Note — Basecamp Series' is turning heads and opening wallets. This short-term note investment offers investors a 9% rate of return (APY) with just a 3 month term and $5K minimum. The Basecamp rate is at a significant spread to t-bills. This healthy rate of return won't last long. With the Fed poised to cut interest rates in the near future, now could be the time to lock in a favorable rate of return with a flexible, relatively liquid investment option. 

What's more, Alpine Note — Basecamp can be rolled into another Alpine Note for compounding returns, or into another of EquityMultiple's rigorously vetted real estate investments, which also carry a minimum investment of just $5K. Basecamp is exclusively open to new investors on the EquityMultiple platform.

Looking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings.