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Stockholders

Stockholders

Stockholders

We are the longest continuously listed company on the New York Stock Exchange. Our consistent focus on stockholder value is behind 51 straight years of dividend increases, a record unmatched among utilities in the S&P 500 and earning us Dividend King status. Since 1974, our dividend has grown at a compound annual growth rate of 5.59% (see figures 2a and 2b below).

Con Edison, Inc. Dividend Aristocrat and King - ED's Historical Dividend Payout dividend payout ratio %

Figure 2a

 

Con Edison, Inc. Dividend Aristocrat and King - Annualized Dividends Per Share USD $

$4.0
$3.0
$2.0
$1.0
1975
$0.3
1980
$0.7
1985
$1.2
1990
$1.8
1995
$2.0
2000
$2.2
2005
$2.3
2010
$2.4
2015
$2.6
2020
$3.1
2021
$3.1
2022
$3.2
2023
$3.2
2024
$3.3
2025
$3.4

Figure 2b

We prudently manage our company, consistent with our sustainability approach, to deliver stable returns for our investors, including the thousands of employees and retirees who maintain their investments in our company and count on us for reliable performance.

As a key priority, our Stockholder Engagement Team (see figure 3) engages with stockholders throughout the year.

Through regular communication with our stockholders, we come to better understand their viewpoints and matters of interest to them. During 2024, we:

  • Participated in more than 600 meetings with potential and current investors in the United States, Europe, and Canada.
  • Engaged with index, pension, actively managed, and Environmental, Social and Governance (ESG)-focused funds as well as stockholder advisory firms collectively representing 42% of our outstanding shares.
  • Held our fifth annual Clean Energy Future Webinar, which outlined our path forward to a clean energy future, and the investments needed to help us reach our goals in support of New York State’s Climate Leadership and Community Protection Act (CLCPA).

Members of Core Stockholder Engagement Team

Others Included in Stockholder Engagement Efforts

Chief Financial Officer

CEO and subsidiary Presidents

Treasurer

Other senior officers and business unit heads

Investor Relations

Office of the Corporate Secretary

Environment, Health & Safety Department

Corporate Affairs

Strategic Planning

Figure 3

Management communicates feedback received during these engagements to our Board of Directors and its committees (together referred to herein as the Board). Figure 4, below, summarizes actions we take before, during, and after our Annual Meeting of Stockholders. In response to stockholder feedback received in 2024, we:

  • Enhanced disclosures concerning our political lobbying activities, resulting in a sustained CPA-Zicklin Index for Corporate Political Disclosure and Accountability score of 100 since 2021, and are one of only eight companies in the S&P 500 to score 100%.
  • Tracked and communicated about clean-energy regulatory proceedings held outside of rate filings.

1. Annual Meeting

2. Post-Annual Meeting

3. Off-season Engagement and Evaluation of Best Practices

4. Engagement Prior to Annual Meeting

Stockholders may engage with Board members and senior management

Review voting results in light of existing practices, as well as feedback received from stockholders during proxy engagement season and annual meeting

Engage with stockholders to better understand their viewpoints and inform Board and committee discussions

Seek feedback on potential matters for stockholder consideration at the annual meeting

Stockholders may ask questions and voice opinions about the Company, its practices, policies and operations

Review corporate governance trends, regulatory developments and the Company’s corporate governance documents, policies and procedures

Explore corporate ESG best practices

Discuss stockholder proposals with proponents, when appropriate

Voting results for management and stockholder proposals are determined

Determine topics for discussion during off-season stockholder engagement

Report results of stockholder engagement team activities to Corporate Governance and Nominating Committee and the Board

Publish annual report and proxy statement

Evaluate and discuss potential changes to Company executive compensation and governance practices and disclosures

Figure 4

More information is available on our Shareholder Services page.

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