Consolidated Edison, Inc. vs VanEck Australian Floating Rate ETF — how do they compare? Consolidated Edison, Inc. trades at $111.95 (market cap $40.65B), while VanEck Australian Floating Rate ETF trades at $50.97. The key difference: Consolidated Edison, Inc. pays a 3.15% dividend while VanEck Australian Floating Rate ETF pays none, and Consolidated Edison, Inc. is trading nearer its 52-week high, VanEck Australian Floating Rate ETF nearer its low. Which is the better fit depends on your goals.
| ED | FLOT | |
|---|---|---|
Market Cap | $40.65B | — |
Sector | Utilities | Sector/Thematic |
52-Week High | $115.46 | $51.09 |
52-Week Low | $95.37 | $50.72 |
Enterprise Value | $67.68B | — |
Dividend Yield | 3.15% | — |
Trailing returns across standard periods
Latest headlines on both assets
Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities will generate nearly all of Con Ed's earnings once it closes the sale of its clean energy business to RWE. Con Ed's clean energy business owns the second-largest portfolio of utility-scale solar projects in the U.S. Following the sale, Con Ed's only non-utility earnings will come from investments in gas and electric transmission.
Read more on ED →FLOT provides exposure to a diversified portfolio of Australian dollar-denominated floating rate notes. It tracks the Bloomberg AusBond Credit FRN 0+ Yr Index, focusing on high-quality, investment-grade bonds from top Australian banks and financial institutions.
Read more on FLOT →