Dividend Stock Showdown: Consolidated Edison Vs. Duke Energy – Best Utility Stock

Video Length: 00:13:10

We bring another Dividend Stock Showdown to you! After all, we are always on the hunt for a great undervalued dividend growth stock to add to your dividend stock portfolio. We compare two giants in the utility stock sector against each other to determine which company is a better fit for your portfolio TODAY. The two companies in our analysis are: Consolidated Edison (ED) and Duke Energy (DUK).

Utility stocks can offer dividend investors a strong dividend yield with a reliable, growing dividend income stream. That is why we are turning our attention to two of the largest companies in the sector!

In one corner, you have Consolidated Edison (ED). The Dividend Aristocrat that has increased their dividend for 45 consecutive years.  Oh yeah, did we also mention that they are one of our Top 5 Foundation Dividend Stocks?  In the other corner, we have Duke Energy.  While the company has only increased their dividend for 8 consecutive years, they offer investors a higher dividend yield than their competitor!

We run both companies through the Dividend Diplomats Dividend Stock Screener to determine which company performs better head to head. This includes the 3 metrics of our famous stock screener (and one bonus metric). We compare the following metrics for the two companies:

  1. Price to Earnings Ratio Less Than the S&P 500
  2. Dividend Payout Ratio Less Than 60%
  3. Dividend Growth History and Dividend Growth Rate
  4. Dividend Yield (Bonus Metric)

The utility sector is an important part of our everyday life. In 2020, we require electricity for nearly everything. Electricity charged the laptop or phone you are using to watch this video, in fact! In all seriousness, our homes, streets, businesses and even some vehicles (thank you Tesla) depend on the reliable delivery of their products. This helps build a consistent, growing revenue and earnings stream for utility companies, which translates to a growing dividend income stream as well.

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Disclaimer: I do not recommend any decision to the reader or any user, please consult your own research. Thank you.

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