Looking for a safe place to hide from the market pullback and collect some dividends in the meantime? We went looking for Mr. Market's favorite dividend paying stocks over the past month and in 2016, and, no surprise, utilities have been getting more support than the lion's share of other dividend stocks.
NY area-based Consolidated Edison (NYSE:ED) is leading all electric utilities stocks year-to-date - it's up 3.75% vs. a -5.87% loss for the S&P, and is among the top five performing electric utilities over the past month. It also held its value better than the S&P over the past year and is up 8.62% over the past trading quarter. These figures don't even include ED's dividends. If you're looking for relative safety in volatile times, ED sports a very low beta of just .13.
Source: Seeking Alpha
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