Exelon Co. (EXC) Announces Quarterly Dividend of $0.36

Exelon Co. (NYSE:EXC) declared a quarterly dividend on Tuesday, April 30th, RTT News reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.3625 per share by the energy giant on Monday, June 10th. This represents a $1.45 annualized dividend and a yield of 3.02%. The ex-dividend date is Tuesday, May 14th.

Exelon has raised its dividend payment by an average of 3.6% per year over the last three years and has raised its dividend every year for the last 3 years. Exelon has a dividend payout ratio of 46.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Exelon to earn $3.16 per share next year, which means the company should continue to be able to cover its $1.45 annual dividend with an expected future payout ratio of 45.9%.

NYSE:EXC traded up $0.04 during trading hours on Friday, hitting $48.08. The company’s stock had a trading volume of 4,715,967 shares, compared to its average volume of 5,230,960. The firm has a market capitalization of $46.85 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 4.08 and a beta of 0.37. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 0.89. Exelon has a 52-week low of $39.63 and a 52-week high of $51.03.

Exelon (NYSE:EXC) last posted its earnings results on Thursday, May 2nd. The energy giant reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The firm had revenue of $9.48 billion for the quarter, compared to analyst estimates of $9.10 billion. Exelon had a return on equity of 8.85% and a net margin of 6.52%. Exelon’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. As a group, equities analysts anticipate that Exelon will post 3.13 EPS for the current year.

In other news, EVP Paymon Aliabadi sold 17,500 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $48.36, for a total transaction of $846,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph Nigro sold 53,800 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total transaction of $2,667,942.00. Following the sale, the executive vice president now owns 99,574 shares of the company’s stock, valued at approximately $4,937,874.66. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

EXC has been the topic of several recent analyst reports. Wells Fargo & Co reissued a “hold” rating on shares of Exelon in a report on Friday, February 8th. Morgan Stanley increased their target price on Exelon from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. SunTrust Banks reissued a “hold” rating and issued a $49.00 target price on shares of Exelon in a report on Tuesday, February 12th. Scotiabank reaffirmed a “buy” rating and set a $50.00 price objective on shares of Exelon in a report on Wednesday, February 13th. Finally, Goldman Sachs Group raised Exelon from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $43.00 to $47.00 in a report on Tuesday, April 9th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.97.

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About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Dividend History for Exelon (NYSE:EXC)

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