5 Best Dividend Stocks of All Time

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

Dividend Yield as of November 25: 3.25%

Consolidated Edison, Inc. (NYSE:ED) is one of America’s largest investor-owned energy companies. It provides services in renewable energy and provides cost-effective energy efficiency solutions. The company is one of the best dividend stocks on our list as it has been paying consistent dividends to shareholders since 1885. In addition to this, it also holds a 48-year track record of dividend growth. The company currently pays a quarterly dividend of $0.79 per share and has a dividend yield of 3.25%, as of November 25.

In October, Guggenheim maintained a Neutral rating on Consolidated Edison, Inc. (NYSE:ED), appreciating the company’s recent quarterly performance. The firm has a positive stance on the Power and Utility companies.

In the first nine months of the year, Consolidated Edison, Inc. (NYSE:ED) reported an operating cash flow of $2.6 billion. The company’s current assets for the period amounted to over $5.7 billion and its total assets stood at $65.7 billion.

At the end of September 2022, 27 hedge funds tracked by Insider Monkey owned stakes in Consolidated Edison, Inc. (NYSE:ED), up from 23 in the previous quarter. These stakes are collectively valued at over $563.8 million. With over 1.5 million shares, Citadel Investment Group was the company’s leading stakeholder.