Con Ed has raised its dividend each year for the past 40 years. Very few companies can put that track record to a test.
Con Ed generates a dividend yield of 4.7% which is head and shoulders above many a peer.
|Con Ed’s infrastructure investments allow higher rates and increase to its earnings faster than load growth beyond 2015. Load growth will also drive future investment in rate base.
George Gutowski writes from a caveat emptor perspective.