ED Named Top 25 SAFE Dividend Stock Increasing Payments For Decades
Mon, Feb 11, 9:45 AM ET, by ETF Channel
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 4.3% 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, Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 2.21% of the SPDR S&P Dividend ETF (SDY), which holds $223,441,297 worth of ED shares.
Consolidated Edison, Inc. (ED) 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.
The annualized dividend paid by Consolidated Edison, Inc. is $2.46/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/11/2013. Below is a long-term dividend history chart for ED, which the report stressed as being of key importance.
ED operates in the Electric Utilities sector, among companies like Companhia Paranaense De Energia - COPEL (ELP), and Companhia Energetica de Minas Gerais - CEMIG (CIG).
Read the original article at ETF Channel: ED Named Top 25 SAFE Dividend Stock Increasing Payments For Decades
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