13 Best High Dividend Stocks to Buy Under $100

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1. The Southern Company (NYSE:SO)

Share Price as of the Close of September 17: $91.89

The Southern Company (NYSE:SO) is a Georgia-based gas and electric utility holding company. In its latest earnings release, the company revealed that it had raised its five-year base capital plan by $13 billion, bringing the total to $76 billion. As of the second quarter of 2025, it was also reviewing around 10 gigawatts (GW) of new generation requests.

The Southern Company (NYSE:SO) also noted that it has a pipeline exceeding 50 GW of potential customer load, supported by strong demand from hyperscale clients and data centers in Georgia, Alabama, and Mississippi. The company emphasized its focus on disciplined, risk-adjusted contract structures designed to safeguard customer benefits while maintaining financial flexibility.

The Southern Company (NYSE:SO) is popular among income investors because of its solid dividend history. The company currently offers a quarterly dividend of $0.74 per share, having raised it by 2.8% in April 2025. This marked the company’s 24th consecutive year of dividend growth. Moreover, SO has paid regular dividends to shareholders for the past 78 years. The stock supports a dividend yield of 3.24%, as of September 18.

While we acknowledge the potential of SO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SO and that has 100x upside potential, check out our report about this cheapest AI stock.

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