Exelon Corporation (NASDAQ:EXC – Get Free Report) declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, September 4th will be given a dividend of 0.42 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, September 4th.
Exelon has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 3 years. Exelon has a dividend payout ratio of 59.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Exelon to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 55.1%.
Exelon Stock Performance
Shares of NASDAQ EXC traded up $0.16 during mid-day trading on Wednesday, hitting $47.47. The company had a trading volume of 1,004,903 shares, compared to its average volume of 8,618,357. The company has a market capitalization of $48.58 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 2.85 and a beta of 0.31. Exelon has a 1 year low of $42.58 and a 1 year high of $50.65. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The stock’s 50-day moving average price is $46.28 and its 200-day moving average price is $46.55.
About Exelon
Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.
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