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The Daily Dividend 7/18/25

July 18, 2025

Utility and refinery stocks.

That’s what’s in today’s dispatch. One of the best-known “safe income investments” is declaring its latest dividend. Plus, a lesser-known utility stock that’s currently beating the market announces its upcoming payment. And, Valero Energy Corporation reveals their next distribution.

Let’s start with the blue chip stalwart first…

Consolidated Edison, Inc. ($ED) Declares $0.85 Dividend

Consolidated Edison is a well-established business dating back to 1823. And, the firm has raised its dividend every year for over 50 years. This is the quintessential dividend stock and you’ll often see Consolidated Edison referenced by name in articles about “safe income investments” or “blue chip dividend stocks.”

The company operates utility services in New York and New Jersey. And while Consolidated Edison isn’t the fastest growing business, it offers a decent starting yield of 3.38% and operates a timeless business model that’s served the firm well for over 200 years.

Yesterday, Consolidated Edison announced its latest dividend payment.

Consolidated Edison will pay a $0.85/share quarterly dividend, in-line with previous.

  • Ex-dividend date: 8/13/25

  • Payout date: 9/15/25

  • Forward starting dividend yield: 3.38%

Valero Energy Corporation ($VLO) Declares $1.13 Dividend

Valero Energy Corporation owns and operates 15 petroleum refineries around the world. The company was founded in 1980 and has paid dividends every year for the past 27 years.

Yesterday, Valero announced its latest dividend.

The company will pay a $1.13/share quarterly distribution that is in-line with their previous payout.

  • Ex-dividend date: 7/31/25

  • Payout date: 9/2/25

  • Forward starting dividend yield: 3.12%

WEC Energy Group, Inc. ($WEC) Declares $0.8925 Dividend

The second utility stock to make today’s list!

WEC Energy Group, Inc. operates electricity and natural gas services that are used by 4.7 million customers in Wisconsin, Illinois, Michigan, and Minnesota.

This stock used to get very little investor attention. However, WEC Energy has soared over the past 12 months and is actually outperforming the S&P 500 year-to-date. Despite these market-beating returns, WEC Energy Group is still paying a hearty 3.36% starting yield.

And speaking of dividend yield…

WEC Energy Group, Inc. recently announced that it will pay a $0.8925/share quarterly dividend, in-line with the last payment.

  • Ex-dividend date: 8/14/25

  • Payout date: 9/1/25

  • Forward starting dividend yield: 3.36%

Thank you for reading and have a fantastic weekend!

Disclaimer: This article is for entertainment purposes only. It is not financial advice, always do your own research.