5 Safe Dividend Stocks for 2022

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

Number of Hedge Fund Holders: 24

Dividend Yield: 3.63% (as of January 4)

No. of Years of Consecutive Dividend Increase: 47

Next up on our list of safe dividend stocks to buy in 2022 is Consolidated Edison, Inc. (NYSE:ED), a New York-based company that offers regulated electric, gas, and steam delivery services. The firm has grown its dividend payout for 16 consecutive years, offering a 3.63% yield that is high relative to peers. Consolidated Edison, Inc. (NYSE:ED) was reported in the portfolio of 24 hedge funds at the end of the third quarter, down from 30 hedge funds in the preceding quarter.

Consolidated Edison, Inc. (NYSE:ED) posted earnings per share of $1.41, which missed estimates by $0.07. However, quarterly revenue was $3.61 billion, outperforming estimates by $152.85 million.

On December 8, research firm Citigroup maintained its ‘Neutral’ rating on Consolidated Edison, Inc. (NYSE:ED) stock, setting the price target at $84. Having expanded its footprint in the renewable energy segment in recent years, the company is well-positioned to benefit from the decarbonization mega-trend.