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This High-Yield Dividend Aristocrat Is Making a Surprising Move

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Consolidated Edison (NYSE: ED) is an elite dividend stock. Add in its nearly 3.5% dividend yield -- well above the S&P 500's 1.6% yield -- and Consolidated Edison is one of the more appealing dividend stocks in the energy sector. One power source that has helped grow the company's dividend in recent years is its large-scale renewable energy portfolio.