Polliesdividend

Dividend increase Southern Company (SO) – 2018

A dividend increase by Southern Company.

This week Southern Company (SO) announced a 3.4% increase in its quarterly.

The dividend is raised from $0.58 to $0.60. This marks the 17th consecutive year that Southern Company has raised the dividend on its common stock.

The dividend pay date is June 6, 2018 to shareholders of record on May 21, 2018 (ex dividend May 18, 2018).

 

www.polliesdividend.com

 

President and CEO – Thomas A. Fanning said:” Southern Company has an outstanding 70-year track record of dividends and dividend growth. Today’s action by the board speaks to the long-term strength of our business.”

This marks 282 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.

 

Vrijheid Fonds

The new dividend amount represents an annualized dividend amount of $2.40 per share, up from $2.32. The dividend yield on current price is 5.15%.

 

www.polliesdividend.com

 

My Vrijheid Fondsconsist of 50 shares of Southern Company and with this 3.4% increase it will add €2.75 ($3.40) after taxes, to my projected annual dividend income.

In 2018 Southern Company will pay me €82 dividend after taxes.

Again a nice increase from Southern Company! Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends.

Do you currently hold any stock in Southern Company and what do you think of this dividend increase? I like to hear from you!

Cheers,

Pollie

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4 thoughts on “Dividend increase Southern Company (SO) – 2018

    1. Pollie Post author

      Hello Luc,
      Yes the debt is worrisome. SO has been collecting more debt since the beginning of 2016. Partly this is because SO is in a transformation towards a greener company, and this costs a lot of money.

      The high debt/equity ratio and the high payout ratio is something to keep an eye on.

      Let me know what your action will be !

      Cheers,

      Pollie

  1. Jung in Rente

    Hi Pollie,

    We currently hold 100 shares of Southern Co in our portfolio. Although it‘s only a rather small dividend increase, I‘m more than happy about it. As you know, the company is challenged by high cost overruns at two of its mega projects, so I wasn’t even sure if they would give us shareholders a dividend raise after all. However, it‘s good to see that they are eager to continue their splendid dividend track record.

    – David

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