Is Consolidated Edison (ED) the Safest Dividend Stock to Buy Now?

From Yahoo Finance: 2025-04-14 09:43:00

Investors are seeking stability in dividend stocks amidst market volatility. Recent tariff updates by President Trump have caused global trade uncertainty. Safe dividend stocks offer income and defensiveness during turbulent times. Institutional investors are shifting to dividend-yielding equities for stability. Hedge funds’ backing of dividend stocks indicates confidence in market resilience.

Consolidated Edison, Inc. (ED) offers a reliable investment option with a 52-week performance exceeding the market’s average. The company’s focus on urban energy resilience and cleaner sources gives it a competitive edge. With a beta of 0.28 and a dividend yield of 3.08%, ED attracts 44 hedge funds, making it a secure investment choice. ED ranks 4th on the list of safest dividend stocks to buy now.

Investors looking for resilient dividend stocks can consider ED for stability. The company’s solid financial performance and future investment plans make it an appealing choice. While ED shows promise, investors may also explore deeply undervalued dividend stocks for higher returns in a shorter timeframe. For more investment options, check out Insider Monkey’s list of the 20 Best AI Stocks and 30 Best Stocks to Buy Now according to Billionaires.

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