Consolidated Edison is one of the biggest energy companies in the U.S. providing a wide range of energy-related products and services to its customers through its subsidiaries. The company operates one of the world’s largest energy delivery systems serving over 10 million people in New York and Westchester County. Con Edison has over $56 billion worth of assets and has an extensive presence in the U.S. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries, Consolidated Edison Company of New York, Inc. (CECONY, regulated utility), Orange and Rockland Utilities, Inc. (regulated utility), Con Edison Clean Energy Businesses, Inc., and Con Edison Transmission, Inc. Con Edison’s main business segment is Utilities segment accounting for 94% of 2018 revenues. The company’s regulated utilities should continue to provide regular and recurring earnings. These Utilities have approved rate plans that are designed to cover each company’s cost of service.
The S&P500 Dividend Aristocrats is the best list for filtering dividend stocks. This should be your starting point to create your core portfolio. Why should it be part of your core portfolio? It’s simple, the companies in the list must … Read more