I'd recommend as much diversification as possible. I think that EXC is very safe, yes. But not certain. Not much is certain right now, and even if something SEEMS certain, I'd bet that it's not.
If you're retired, and cannot afford undue risk to your nest egg, put some of your money into an interest-bearing account, and some into government securities/treasuries. To the extent that you invest in dividend-bearing stocks, try to invest in at least 40. Better yet, go with a high-dividend ETF. If you must pick the stocks yourself, yes, I think EXC is one good choice. I'd add VZ and/or T to that. Consider PFE. Add another utility or two. Consider your diversification options from there.
Nothing is safe in the market. Pretend that October 2008 MIGHT be right around the corner. Don't ignore lessons learned so recently.
I'm a retiree of PSEG, (PEG) the company that nearly was merged with EXC. I haven't looked at EXC in a long time and am astonished to see that the share price was in the teens as recently as last May, though it seems to have recovered fairly well. What caused the plunge? Thanks.
I'm retired last year and this stock is 8.5% of my portfolio and I'm living off the dividends from the portfolio. I watch this stock often and I'm comfortable with the dividend being safe and it's been averaging ~ 5% dividend growth over the past 5 years
Saying that at 90 would have saved a halving, saying it at 70 would have been prescient, saying it at 50, would have been early. But saying it at 39?? Good grief, why doesnt the Board throw this guy out the window?