Dividend Capture Strategy: 5 High Yield Stocks To Buy in November

4. The Southern Company (NYSE:SO)

Ex-Dividend Date: November 17
Dividend Yield as of October 24: 4.23%

The Southern Company (NYSE:SO) is a Georgia-based utility holding company. It is primarily involved in the generation, transmission, and distribution of electricity. The company has grown its dividend for 22 years in a row and currently pays a quarterly dividend of $0.70 per share. The stock’s dividend yield on October 22 came in at 4.23%.

The number of hedge funds tracked by Insider Monkey owning stakes in The Southern Company (NYSE:SO) grew to 32 in Q2 2023 in Q2 2023, from 25 in the previous quarter. The collective worth of these stakes is roughly $647 million. With over 2.2 million shares, Point72 Asset Management was the company’s leading stakeholder in Q2.

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