Is Con Edison a Great Dividend Stock?

Consolidated Edison (NYSE: ED) pays its investors well. The utility's current dividend yields 3.4%, well above the roughly 2% average of stocks in the S&P 500.

However, having an above-average yield alone doesn't automatically make it a great dividend payer. For that, we need to look a bit deeper, considering the sustainability of the payout and its growth potential.

With that in mind, here's a closer look at past, present, and future of Con Edison's dividend.

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Source Fool.com