Top 10 Dividend Stocks

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

Dividend Yield as of July 25: 3.42%

Consolidated Edison, Inc. (NYSE:ED) is a New York-based energy company that deals in energy delivery systems and provides electric, gas, and steam services to consumers. On July 21, the company declared a quarterly dividend of $0.79 per share, in line with its previous dividend. The company has been raising its dividend consecutively for the past 48 years. Its payout ratio of 71.9% is considered safe for the utility sector. As of July 25, the stock’s dividend yield came in at 3.42%.

In June, Mizuho appreciated the clean energy business of Consolidated Edison, Inc. (NYSE:ED) but lowered its price target on the stock to $99 due to the current market situation. However, the firm kept a Buy rating on the stock.

As of the quarter ended March 2022, 26 hedge funds owned stakes in Consolidated Edison, Inc. (NYSE:ED), up from 22 in the previous quarter, according to Insider Monkey’s data. The combined value of these stakes is $485.7 million. AQR Capital Management was the company’s leading shareholder in Q1.