5 Dividend Zombies and Kings With Longest Dividend Payouts

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

Consecutive Years of Dividend Payments: 138
Consecutive Years of Dividend Growth: 49

A New York-based energy company, Consolidated Edison, Inc. (NYSE:ED) is just one year away from achieving its Dividend King status, as the company has been raising its payouts for the past 49 years. Moreover, it also holds one of the longest dividend payout streaks of 138 years. The company pays a quarterly dividend of $0.81 per share and has a dividend yield of 3.54%, as of March 7.

In February, Guggenheim maintained a Neutral rating on Consolidated Edison, Inc. (NYSE:ED) with an $86 price target, mentioning the company’s quarterly earnings and its updated guidance.

At the end of Q4 2022, 25 hedge funds in Insider Monkey’s database reported having investments in Consolidated Edison, Inc. (NYSE:ED), worth over $460 million collectively. Among these hedge funds, AQR Capital Management was the company’s leading stakeholder in Q4.