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Unlocking Value and Investor Rewards: Southern Thrives with Strong Performance and Growing Profits

Author: Benzinga Insights | March 06, 2024 11:05am

Today, March 06, 2024, Southern (NYSE:SO) will distribute a dividend payout of $0.70 per share, highlighting an annualized dividend yield of 4.02%. Shareholders who owned the stock before the ex-dividend date on February 16, 2024 will be eligible for this payout.

Southern Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2024-02-16 4 $0.7 4.02% 2024-01-18 2024-02-20 2024-03-06
2023-11-17 4 $0.7 4.21% 2023-10-16 2023-11-20 2023-12-06
2023-08-18 4 $0.7 3.92% 2023-07-17 2023-08-21 2023-09-06
2023-05-12 4 $0.7 3.89% 2023-04-17 2023-05-15 2023-06-06
2023-02-17 4 $0.68 4.09% 2023-01-20 2023-02-21 2023-03-06
2022-11-18 4 $0.68 4.23% 2022-10-18 2022-11-21 2022-12-06
2022-08-12 4 $0.68 3.76% 2022-07-18 2022-08-15 2022-09-06
2022-05-13 4 $0.68 3.59% 2022-04-19 2022-05-16 2022-06-06
2022-02-18 4 $0.66 3.86% 2022-01-14 2022-02-22 2022-03-07
2021-11-12 4 $0.66 4.18% 2021-10-18 2021-11-15 2021-12-06
2021-08-13 4 $0.66 4.18% 2021-07-19 2021-08-16 2021-09-07
2021-05-14 4 $0.66 4.06% 2021-04-19 2021-05-17 2021-06-07

Southern's dividend yield falls in the middle range when compared to its industry peers, with Cia Energetica DE Minas (NYSE:CIG) having the highest annualized dividend yield at 9.46%.

Analyzing Southern Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

During the period of 2020 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $2.54 to $2.78, reflecting the company's focus on providing greater returns to its shareholders.

YoY Earnings Growth For Southern

earning chart graph

The earnings chart illustrates an increase in Southern's earnings per share, from $3.05 in 2020 to $3.26 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.

Recap

This article delves into the recent dividend payout of Southern and its implications for shareholders. Presently, the company is distributing a dividend of $0.70 per share, leading to an annualized dividend yield of 4.02%.

Southern's dividend yield falls in the middle range when compared to its industry peers, with Cia Energetica DE Minas having the highest annualized dividend yield at 9.46%.

With an increase in dividend per share and earnings per share from 2020 to 2023, Southern demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.

To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.

[Track real-time stock fluctuations for Southern on Benzinga.](https://www.benzinga.com/quote/Southern (NYSE: SO))

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: CIG SO

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