Con Ed: A Safe Stock in a Volatile Market
Con Ed: a safe stock in a volatile market. Ran across this great article on seekingalpha.com about Consolidated Edison, a New York City utility company. Con Ed is up 10.66% year to date versus the S&P 500 which is down 6.72% year to date, gives a 3.75% dividend yield and has raised that dividend for 41 consecutive years! This utility stock is a great stock for retirement accounts especially when you reinvest the dividends.