Exelon Co. (NASDAQ:EXC) Announces $0.38 Quarterly Dividend

Exelon Co. (NASDAQ:EXC) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Shareholders of record on Monday, May 13th will be paid a dividend of 0.38 per share on Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 4.02%. The ex-dividend date is Friday, May 10th.

Exelon has decreased its dividend payment by an average of 2.0% per year over the last three years and has increased its dividend every year for the last 2 years. Exelon has a payout ratio of 58.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Exelon to earn $2.62 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 58.0%.

Exelon Stock Performance

Shares of Exelon stock opened at $37.84 on Thursday. The stock’s fifty day moving average is $36.88 and its two-hundred day moving average is $37.04. The company has a market capitalization of $37.82 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.74 and a beta of 0.53. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Exelon has a 52 week low of $33.35 and a 52 week high of $43.53.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. Exelon’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. As a group, analysts expect that Exelon will post 2.41 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TheStreet downgraded Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. Bank of America dropped their price target on Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. Mizuho raised Exelon from a “neutral” rating to a “buy” rating and increased their price target for the stock from $36.00 to $39.00 in a research report on Wednesday, January 10th. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Finally, Wells Fargo & Company dropped their price target on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.92.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.