5 Dividend Stocks with Over 20 Years of Dividend Increases

In this article, we will be looking at 5 dividend stocks with over 20 years of dividend increases. To read our detailed analysis of dividend investing, you can go directly to see the 10 Dividend Stocks with Over 20 Years of Dividend Investing.

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

Number of Hedge Fund Holders: 30
Dividend Yield: 4%
Number of Years of Dividend Increases: 47

Consolidated Edison, Inc. (NYSE: ED) is a utilities company engaging in the regulated electric, gas, and steam delivery businesses. The company operates in the US to provide electric services, gas, and steam to thousands of consumers in Manhattan. It ranks 5th on our list of dividend stocks with over 20 years of dividend increases.

This June, Mizuho analyst Anthony Crowdell raised his price target on shares of Consolidated Edison, Inc. (NYSE: ED) from $68 to $78. The analyst also reiterated a Neutral rating on the stock.

In the second quarter of 2021, Consolidated Edison, Inc. (NYSE: ED) had an EPS of $0.53, missing estimates by $0.09. The company’s revenue was $2.97 billion, up 9.27% year over year and beating estimates by $136.93 million. Consolidated Edison, Inc. (NYSE: ED) has gained 10.31% in the past 6 months and 9.31% year to date.

By the end of the second quarter of 2021, 30 hedge funds out of the 873 tracked by Insider Monkey held stakes in Consolidated Edison, Inc. (NYSE: ED) worth roughly $533 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $196 million.