How Consolidated Edison’s (ED) Consistent Payouts Strengthen its Case Among Cheap Dividend Stocks

Group 1 - Consolidated Edison, Inc. (NYSE:ED) is recognized for its strong dividend growth, having raised dividends for 51 consecutive years and maintaining regular payouts since 1885, currently paying a quarterly dividend of $0.85 per share [4] - The company operates in the electric and gas utility sector, serving the New York City region, and benefits from steady demand and regulated rates, which provide dependable cash flow [2] - Consolidated Edison plans to invest $38 billion in its utility infrastructure through the end of the decade, which is expected to drive steady earnings growth and support ongoing increases to its dividend, currently yielding nearly 3.5% [3] Group 2 - The consistent dividend payouts of Consolidated Edison make it an attractive option for investors seeking reliable income [2] - The company's operations are characterized by a stable revenue stream due to regulated rates, which enhances its investment appeal [2]