Day: 26 ThuAsia/Phnom_Penh2011-09-29T05:05:28+07:00Asia/Phnom_Penh09bAsia/Phnom_PenhThu, 29 Sep 2011 05:05:28 +0700 2013

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Will someone please explain my Con Ed bill?

Plea on Con Ed's site

Consolidated Edison is a profit-making business.

It paid $2.38 in cash dividends per share last year and declared a 60-cent per share quarterly dividend two weeks ago.

Those dividends resulted from $13 billion in annual revenues and $36 billion in assets.  Yesterday, Con Ed closed at $56.11, pretty close to its 12-month high approaching $57.

I got to wondering about such things after Continue reading →