Safe Dividend Stocks Spotlight: Southern Company’s (SO) Consistent Utility Yield

The Southern Company (NYSE:SO) is included among the 10 Best and Safe Dividend Stocks to Buy Now.

Safe Dividend Stocks Spotlight: Southern Company’s (SO) Consistent Utility Yield

An aerial view of a nuclear plant, its domes casting a unique shadow.

The Southern Company (NYSE:SO) holds a strong position as a leading player in nuclear energy. Its subsidiary, Southern Nuclear, manages eight nuclear units across three facilities, including the recently completed Vogtle Units 3 and 4, which mark the first newly built commercial nuclear units in the US in nearly 30 years.

Through its various subsidiaries, The Southern Company (NYSE:SO) is involved in power generation, transmission, electric and gas utilities, nuclear operations, and telecom. It expects power demand to grow at an annualized rate of 8% through 2029, which supports projected long-term earnings-per-share growth of 5% to 7% annually, more than enough to support ongoing dividend increases.

The Southern Company (NYSE:SO) has a strong history of dividend reliability, having raised its dividend for 24 years in a row and maintaining uninterrupted payments for the past 78 years without any cuts, which makes it one of the best dividend stocks to invest in. Currently, the company offers a quarterly dividend of $0.74 per share and has a dividend yield of 3.10%, as of July 27.

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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Disclosure: None.