Why Consolidated Edison, Inc. Is a Top Ranked Dividend Stock (ED)

These key metrics show why ED is a S.A.F.E stock holding

Consolidated Edison, Inc. (ED) has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average ”DividendRank” statistics including a strong 3.6% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ”DividendRank” report.

According to the ETF Finder at ETF Channel, Consolidated Edison is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.534285% of the SPDR S&P Dividend ETF (SDY), which holds $213,325,947.60 worth of ED shares.

Consolidated Edison made the “Dividend Channel S.A.F.E. 25” list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.

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 The annualized dividend paid by Consolidated Edison Inc is $2.68 per share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/14/2016.

Below is a long-term dividend history chart for ED, which the report stressed as being of key importance.

ED+Dividend+History+Chart

ED operates in the Electric Utilities sector, among companies like Companhia Paranaense de Energia (ADR) (ELP), and NextEra Energy Inc (NEE).

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Article printed from InvestorPlace Media, https://investorplace.com/2016/11/consolidated-edison-a-top-ranked-safe-dividend-stock-with-3-6-yield-ed/.

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