15 Dividend Zombies to Invest in

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

Consecutive Years of Dividend Payments: 139

Consolidated Edison, Inc. (NYSE:ED) ranks fifth on our list of the best dividend zombies to invest in. The American energy company offers regulated gas, steam, and electricity distribution services. In the fourth quarter of 2024, the company posted revenue of $3.67 billion, which showed a 6.5% growth from the same period last year. Its net income attributable to common stockholders totaled $310 million, or $0.90 per share, compared to $335 million, or $0.97 per share, in the same period of 2023. The company expects steady growth in electrification demand throughout 2025, driven by increased new construction in downstate areas and regulatory mandates requiring clean heat solutions in new residential and commercial buildings.

Consolidated Edison, Inc. (NYSE:ED)’s extensive infrastructure includes distribution networks for natural gas and electricity, along with transmission lines, substations, and transformers. Founded in 1823 and headquartered in New York City, the company provides services to residential, commercial, industrial, and government customers.

Despite facing regulatory challenges in the past, Consolidated Edison, Inc. (NYSE:ED) has maintained steady earnings growth and regular dividend increases, supported by its rate-regulated natural gas and electric distribution operations in New York and New Jersey. The company currently offers a quarterly dividend of $0.85 per share, having raised it by 2.4% in January. This marked its 51st consecutive year of dividend growth. In addition, the company has been making regular dividend payments to shareholders since 1885. The stock supports a dividend yield of 3.15%, as of March 23.