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    Thursday, April 6, 2017

    Consolidated Edison (ED): Passive Income Voltage

    For anyone who grew up in the New York City area like myself, you probably have a love-hate relationship with Con Ed.  All those downed power lines, blackouts, and trucks doing work on the road while you're trying to get to work.  The ubiquitous power company that is Con Ed is a utility company which makes money hand over fist and sports a 3.5% dividend yield which has grown for 42 years.  This electrical dividend machine can charge your passive income portfolio with dividends for years to come.  As long as there is a New York City, there will be a great need for power and Con Ed with its grip on the market will reap the benefits.  Follow the power lines all the way across the end zone with dividends paid by this historical utility company. 

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