Except for the dividend, Con Edison is really hard to hold on to - it's been depressing since late last fall!
Why is this stock so crummy except for the danged dividend? I bought it just before the late 2013 dividend & have thus gotten 3 nice dividends & have noted the increase in it as well; but every time it seems to recover somewhat, it just tanks again. This is a blue chip stock & the market has been strong; so what's its problem? Maybe it is too "boring" for many investors? I'm annoyed by it but I will hold on to it for the dividends. At this rate, I need about 5 dividends to recoup my paper loss! I need to stop looking at the chart for it especially intra-day, for it always seems to start off "electric" in the morning, & then run totally out of "energy" as the trading day progresses!
JL - If you expect anything more than a relatively flat stock price (over time) and a very slow (but consistently) rising dividend you will be disappointed and should find another investment. Anything over that is a bonus.
You're not going to get glamor, excitement or great gains from CE; it's not that type of stock. You will get a reliable dividend and peace of mind. There are many investors of the 2008/2009 debacle years who lost their shirts due to the Tech fiasco and the banks' stupid, government mandated mortgage loans to unworthy borrowers. Had they been invested in boring utilities like CE and others they would have remained stable.
OK - you say "CE" but I guess you're just using an abbreviation for Con Edison - not the actual ticker symbol, ED. No - I don't plan to sell - I just bought it at the wrong time. But that steady dividend does give me some peace of mind, so - it's not all bad, at least!