30 Growing Dividend Stocks with Low PE Ratios

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

Forward P/E Ratio as of April 22: 19.80

Consolidated Edison, Inc. (NYSE:ED) is an American investor-owned energy company that offers services related to regulated gas, steam, and electricity distribution. The company delivers electricity and natural gas to New York City and nearby areas through its network of local utility companies. Its earnings remain consistently stable, thanks to rate structures that are regulated by government agencies. In addition, demand for energy in the region has continued to rise at a steady pace, even during periods of economic downturn. The stock is generating strong returns this year, surging by over 27%.

In the fourth quarter of 2024, Consolidated Edison, Inc. (NYSE:ED) reported revenue of $3.67 billion, reflecting a 6.5% increase compared to the same period a year earlier. The figure also came in $35.6 million above analysts’ expectations. Net income available to common shareholders totaled $310 million, or $0.90 per share, slightly down from $335 million, or $0.97 per share, in the prior-year quarter.

During its earnings call, Consolidated Edison, Inc. (NYSE:ED) indicated that it anticipates continued growth in electricity demand throughout the year, driven by an uptick in new construction in downstate regions and regulations requiring clean heat solutions in both residential and commercial developments.

Consolidated Edison, Inc. (NYSE:ED) currently offers a quarterly dividend of $0.85 per share and has a dividend yield of 3%, as recorded on April 22. In addition to its solid dividend yield, the company also holds a long track record of dividend growth, spanning 51 years. It has also paid regular dividends to shareholders since 1885.