Rampant inflation, record high gas prices, the Federal Reserve hiking interest rates, and pessimism among both corporate CFOs and small business owners suggest a bear market is in our future. Although investors fear a crash, it's important to remember that they tend to be relatively short-lived and are often followed by bull markets. The stocks you buy, though, are key, and dividend stocks may be the best bet.
Consolidated Edison (ED) closed the most recent trading day at $94.12, moving +0.6% from the previous trading session.
Consolidated Edison (NYSE: ED) is an elite dividend stock. Add in its nearly 3.5% dividend yield -- well above the S&P 500's 1.6% yield -- and Consolidated Edison is one of the more appealing dividend stocks in the energy sector. One power source that has helped grow the company's dividend in recent years is its large-scale renewable energy portfolio.