Thursday, August 18, 2011

A Rising Energy Play With a Steady Dividend

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tdp2664 InvestorPlace Consolidated Edison (NYSE: ED ) — This holding company for a number of energy businesses in the electric and gas delivery space sells to wholesale and retail customers in the greater New York City area and Westchester County, New York. Yesterday, Citigroup (NYSE: C ) analysts said that electric utility dividends are compelling versus bonds and cited several companies, including ED, that it highlighted as lower-risk investments. ED pays an annual dividend of $2.40 (4.4% yield) and has a history of regular dividend increases.



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