Large Utility Exelon Qualifies As a Great Dividend-Reinvestment Stock

Exelon (EXC), an electric and gas utility serving Mid-Atlantic (PECO) and Midwest (ComEd) customers, is on a multi-year price upside. With $15 billion in annual revenues, a market cap over $55 billion and a customer base of 5.2 million, EXC is one of the largest utilities in the U.S.

Currently, EXC pays a $1.76 annual dividend for a 2.10 percent yield. The company has room to increase its dividend with earnings of just over four dollars. And EXC is in the midst of a share buyback program.

EXC is an excellent candidate for a long-term dividend-reinvestment portfolio.

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Posted December 20, 2007.