Why Consolidated Edison Is a Dividend Investor's Dream

Let's face it: Utilities are no one's idea of an exciting class of stocks. This is perhaps why Consolidated Edison (NYSE: ED) seldom makes investors' lists of top 10 picks.

That's too bad, because it's not only one of the most well-positioned operators in its industry, it's a rock-steady and reliable dividend payer. I'd even go so far as to say it's everything an income investor could hope for in a stock.

The core business of "Con Ed" as it's known to its customers, is the supply of electricity, natural gas, and even steam to customers in New York City. The company's electricity and gas also make their way to the city's affluent neighbor to the north, Westchester County.

Source: Fool.com