13 Incredibly Cheap Dividend Stocks to Invest In

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8. Consolidated Edison, Inc. (NYSE:ED)

Forward P/E as of September 19: 16.05

Consolidated Edison, Inc. (NYSE:ED) is an electric and gas utility serving the New York City region. Its operations provide dependable cash flow thanks to steady demand and regulated rates, allowing the company to sustain and gradually increase its dividend. This consistency makes it attractive to investors seeking reliable income.

Looking ahead, Consolidated Edison, Inc. (NYSE:ED) intends to invest $38 billion in its utility infrastructure through the end of the decade. These projects are expected to drive steady earnings growth, supporting ongoing increases to its dividend, which currently yields nearly 3.5%.

Consolidated Edison, Inc. (NYSE:ED) has been grabbing investors’ attention because of its strong dividend growth. The company has raised its dividends for 51 years in a row and maintained regular payouts since 1885. It currently pays a quarterly dividend of $0.85 per share.

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