The Southern Company (SO) Raises its Dividend by 2.7% to $0.76 per Share

The Southern Company (NYSE:SO) is 1 of the largest producers of energy successful the United States and the largest wholesale supplier successful the Southeast. The institution is besides an award-winning person among the country’s atomic vigor operators.

On April 20, The Southern Company (NYSE:SO) raised its quarterly dividend by 2.7% to $0.76 per share, marking its 25th consecutive twelvemonth of dividend increase. The dividend is payable connected June 8 to each shareholders of grounds connected May 18. The inferior institution has maintained a dependable dividend past of 79 consecutive years and presently boasts an yearly output of 3.24%, putting it among the 15 Utility Stocks with Highest Dividends.

Chris Womack, Chairman, President, and CEO of The Southern Company (NYSE:SO), commented:

“Our occurrence crossed Southern Company is simply a recognition to the dedication of astir 30,000 teammates focused connected strengthening our communities and delivering the vigor our customers expect and beryllium on. Increasing the dividend 25 years successful a enactment represents a historical milestone for the institution and underscores our absorption connected full shareholder instrumentality and our extremity of delivering regular, predictable and sustainable worth for shareholders. We are incredibly arrogant of our beardown dividend way record, which continues to beryllium an integral portion of Southern Company’s semipermanent worth proposition.”

The Southern Company (NYSE:SO) is targeting an adjusted EPS successful the scope of $4.50 to $4.60 for FY 2026, with expectations to turn it 7.7% successful 2027 and past a further 9% successful 2028. To support up with the soaring powerfulness demand, the institution besides precocious accrued its superior concern program to $81 cardinal implicit the adjacent 5 years.

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