Beat Volatility With This Rock-Solid Dividend Gianthttp://www.fool.com/investing/general/2012/08/22/beat-volatility-with-this-rock-solid-dividend-gia.aspx Dan Carroll
August 22, 2012
As tech hot fads and long shots continue to come and go in today's market, conservative investors have seen reliable utility stocks like Consolidated Edison (NYSE: ED ) delivering tried-and-true dividends. Let's take a look at why Con Ed might just be the safest bet for this uncertain economy.
Solid and steady wins the race...
That's commitment you can rely on, even if it's from an inglorious sector such as the utilities industry. Con Ed's position in the Big Apple gives it access to a growing population, a critical point necessary for utility corporations to grow. New York City's population swelled by almost 70,000 between March 2010 and July 2011, representing the U.S.'s fourth-largest metropolitan population boost in that time.
Compared to the 2000-2010 gain of only 175,000 residents, that's a significant jump -- bolstered by the flight of young people to New York City. Given that the recession has pushed urban growth higher than in the suburbs, Con Ed should continue to see its expanding consumer base blossom in future years.
...but it isn't all investor glee