It is no secret that utility stocks are great for income. They arguably enjoy the most defensive, recession-resistant business model one can find.
This makes them ideal for investors interested in high dividend yields, and safe dividend payouts.
Southern Company (SO) and Consolidated Edison (ED) are two of the largest utilities in the U.S.
Southern has raised its dividend for 15 years in a row. It is a Dividend Achiever, a group of 272 stocks with 10+ years of consecutive dividend increases.
ConEd has reached an even more exclusive level. It a Dividend Aristocrat, since it has raised its dividend for 43 years in a row.
This article will compare and contrast these two utility stocks, and try to determine which one is the better pick for income investors.