10 Best Nuclear Energy Stocks to Buy for Dividends

7. The Southern Company (NYSE:SO)

Number of Hedge Fund Holders: 54

Next on our list of the Best Nuclear Energy Dividend Stocks is The Southern Company (NYSE:SO), one of the largest producers of electricity in the United States and the largest wholesale provider in the Southeast. The company is also an award-winning leader among the country’s nuclear energy 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 year of dividend increase. The dividend is payable on June 8 to all shareholders of record on May 18. The utility company has maintained a steady dividend history of 79 consecutive years and currently boasts an annual yield 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 success across Southern Company is a credit to the dedication of nearly 30,000 teammates focused on strengthening our communities and delivering the energy our customers expect and depend on. Increasing the dividend 25 years in a row represents a historic milestone for the company and underscores our focus on total shareholder return and our goal of delivering regular, predictable and sustainable value for shareholders. We are incredibly proud of our strong dividend track record, which continues to be an integral part of Southern Company’s long-term value proposition.”

The Southern Company (NYSE:SO) is targeting an adjusted EPS in the range of $4.50 to $4.60 for FY 2026, with expectations to grow it 7.7% in 2027 and then a further 9% in 2028. To keep up with the soaring power demand, the company also recently increased its capital investment plan to $81 billion over the next five years.