See you in the New Year. Happy holidays!
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
I actually read the back of my monthly electric bill for the first time. The breakdown of my charges that the utility provided initially puzzled and then began to annoy me.
For example, Continue reading