southern company stock dividend
Payable June 6; for shareholders of record May 16; ex-div May 12. Payable Sept. 6; for shareholders of record Aug. 15; ex-div Aug. 11. And Southern has no intention of violating this streak now; its goal is to continue making modest increases over the next few years (more on this in a second.). Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Being regulated requires Southern to get its rates approved. Southern stock is up nearly 40% in 2019, and sitting near all-time highs. When you add it all up, there's a lot to like about Southern as a dividend stock. Payable Dec. 6; for shareholders of record Nov. 19; ex-div Nov. 16. Payable Sept. 6; for shareholders of record Aug. 19; ex-div Aug. 16. A cash dividend payment of $0.64 per share is scheduled to be paid on September 08, 2020. You should expect something close to the level of inflation over time, maybe just a tad higher. See SO Dividend Scorecard, Yield Chart, & Dividend Growth. In exchange for this monopoly, Southern is regulated by the government and must get the rates it charges approved. Southern Company is subject to substantial regulation from federal, state and local regulatory agencies, and its costs of compliance with environmental laws are significant. Cumulative Growth of a $10,000 Investment in Stock Advisor, Is Southern Company a Great Dividend Stock? See you at the top! @themotleyfool #stocks $SO, one of the largest utilities in the United States, a clean coal plant the company had in the works didn't pan out, 3 Dividend Stocks That Are Perfect for Retirement, 3 Dividend Stocks That Should Pay You the Rest of Your Life. Add in a generous 4%-or-so dividend yield, roughly twice what the S&P 500 Index is offering today, and dividend investors should be interested in this high-yield name. Southern Company (SO) will begin trading ex-dividend on August 14, 2020. That dividend has been so regular and secure because Southern's business is largely regulated and fee-based. Southern Company also hasn't cut its dividend in over 70 years. Payable June 6; for shareholders of record May 21; ex-div May 18. That suggests that Southern is pretty expensive today. He tries to invest in good souls. Returns as of 10/31/2020. There is no question that Southern Company has some serious dividend bonafides. Goldman Sachs, Kinder Morgan among those seen raising dividends next week. With a largely regulated and fee-based business spanning electric, natural gas, and renewable power, it has a sizable and locked-in customer base. In the operations that aren't regulated (such as the company's large renewable power business), Southern tends to sign long-term fee-based contracts. Reuben Gregg Brewer believes dividends are a window into a company's soul. The biggest one by far is its 19-year streak of annual dividend increases. Southern Company (NYSE:SO) is one of the largest utilities in the United States. Payable Dec. 6; for shareholders of record Nov. 20; ex-div Nov. 17. But don't jump in just yet -- there's a lot more to know before you decide whether or not Southern Company is a great dividend stock to add to your portfolio. Southern Company has never had a dividend cut, and it has been steadily increasing its dividend since 2002. There is no question that Southern Company has some serious dividend bonafides. These are subtle benefits that often get lost in the mix, but that make Southern's dividend all the more reliable. As hinted at above, Southern operates in multiple lines of business, but it also operates in a number of different states as well. Stock Advisor launched in February of 2002. That means that Southern can have some big, and even high-risk, projects in the works. Where Will Brookfield Infrastructure Partners Be in 1 Year? These are vital energy sources that customers buy in good and bad times. These concerns are offset somewhat by the regulated nature of the company's operations, but Southern's balance sheet strength and payout ratio need to be monitored along with its progress on the nuclear front. Payable June 8; for shareholders of record May 18; ex-div May 15. Payable June 6; for shareholders of record May 20; ex-div May 17. To paraphrase value investing legend Benjamin Graham, even a great dividend company can be a bad investment if you pay too much for it. Material leverage and a high payout ratio are warning signs of a strained dividend. Payable June 6; for shareholders of record May 15; ex-div May 11. Demand will vary, of course, but there's an underlying need that makes the business robust to downturns. That creates another stable income stream. Payable March 6; for shareholders of record Feb. 18; ex-div Feb. 14. Interested investors would probably be better off putting it on the watch list than the buy list right now, a fact that remains true even if you decide it is a great dividend stock. Copyright, Trademark and Patent Information. A number of S&P 500 components are expected to raise payouts next week, according to Bloomberg BDVD: Ameriprise (NYSE: Moving out to the S&P 1500 adds five more: Hancock Holding (NASDAQ: Payable March 6; for shareholders of record Feb. 20; ex-div Feb. 16. Southern Company also hasn't cut its dividend in over 70 years. Find the latest dividend history for Southern Company (The) Common Stock (SO) at Nasdaq.com. Forward yield 4.6%; Payable June 8; for shareholders of record May 18; ex-div May 15. Payable Sept. 6; for shareholders of record Aug. 20; ex-div Aug. 17. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Southern Co (NYSE:SO) declares $0.64/share quarterly dividend, 3.2% increase from prior dividend of $0.62. Market data powered by FactSet and Web Financial Group. That basically means it has to prove a need for rate hikes, which it generally does by spending money to improve its business in some way -- fortifying its distribution assets or building power plants, for example. Payable March 6; for shareholders of record Feb. 21; ex-div Feb. 16. Payable Sept. 8; for shareholders of record Aug. 17; ex-div Aug. 14. That's just not the type of investment it is. Put simply, Southern's capital spending has been a sore point lately -- and with the nuclear build not scheduled to be done for a few more years, it will remain one. Dividends Subject to declaration by the Board of Directors, dividends are paid on Southern … In addition, Southern's payout ratio has been 80% and higher in recent years -- last year it approached 100%. Let's conquer your financial goals together...faster. The Southern Company (SO) Dividend yield: annual payout, 4 year average yield, yield chart. With those big pros and cons, it's up to you to make the final decision on whether or not Southern is a great dividend stock. Payable Dec. 6; for shareholders of record Nov. 18; ex-div Nov. 15. Right now it is building a pair of nuclear power plants, a project that is behind schedule and over budget. That's notable, because this spending is very costly and Southern has been using leverage and asset sales to help cover the cost. However, there's one more factor to look at before making a buy call. But even when it wasn't dealing with the big nuclear project, Southern wasn't making huge dividend increases. Right now Southern is in a construction cycle, so investors might rightly expect dividend growth to be muted -- it simply has other places that it needs to put cash to work. That's seven decades of dividends, at equal or higher levels, that income-focused investors were able to count on. Payable Dec. 6; for shareholders of record Nov. 21; ex-div Nov. 17. 10 year yield history. While that limits upside profitability, it creates a fairly steady upward trend for growth over time. The biggest one by far is its 19-year streak of annual dividend increases. When one segment is facing headwinds, another can pick up the slack. And one last piece here is dividend growth. But don't stop there. For example, the utility's financial debt to equity ratio is roughly 0.66 times, not a crazy number but high relative to those of more conservative peers like NextEra Energy, which sits at 0.35 times. That's a pretty impressive number that places this utility in rare company, but it isn't the only one to look at. Payable March 6; for shareholders of record Feb. 19; ex-div Feb. 15. If one area isn't growing much, another can carry the load. It has been paying dividends … Payable Dec. 7; for shareholders of record Nov. 16; ex-div Nov. 13. Southern has this project back on track at this point, but progress needs to be watched closely. Its dividend, meanwhile, is the lowest it has been in decades. Diversification is another positive. The average for large utilities in closer to 70%. Payable Sept. 6; for shareholders of record Aug. 21; ex-div Aug. 17. That means that the dividend's buying power will be maintained, or grown slightly, but you shouldn't buy Southern thinking the dividend will double in a few years. That's seven decades of dividends, at equal or higher levels, that income-focused investors were able to count … It's also worth noting that a clean coal plant the company had in the works didn't pan out, and ended up being a high-cost natural gas power plant. It has a monopoly in the regions its electric and natural gas utilities serve. That's a pretty impressive number that places this utility in rare company, but it isn't the only one to look at.

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