A dividend increase by Southern Company (SO).
When I was reading the investor relations page I saw that I’ve missed this announcement. So better late than never, here is my post about the dividend increase of Southern Company.
In April 2019 Southern Company (SO) announced a 3.33% increase in its quarterly. The dividend is raised from $0.60 to $0.62. This marks the 18th consecutive year that Southern Company has raised the dividend on its common stock.
The dividend pay date is June 6, 2019 to shareholders of record on May 20, 2018 (ex dividend May 17, 2019).
President and CEO – Thomas A. Fanning said: ”Today’s action by our board of directors reinforces the strength and sustainability of Southern Company’s business. For decades, our dividends, dividend growth and overall shareholder value proposition have been supported by an outstanding portfolio of energy businesses.”
Southern Company have paid a dividend to its shareholders that is equal to or greater than the previous quarter every quarter dating back to 1948!!
The new dividend amount represents an annualized dividend amount of $2.48 per share, up from $2.40. The dividend yield on current price is 4.68%.
My Vrijheid Fonds consist of 50 shares of Southern Company and with this 3.3% increase it will add €2.29 ($2.55) after taxes, to my projected annual dividend income.
In 2019 Southern Company will pay me €93 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!