Dividend Increase Announcement
On April 15th, Southern Company announced a dividend increase of 3.3%. This will increase their dividend per quarter from $0.60 to $0.62. It is payable on June 6th for shareholders of record on May 20th. The new quarterly dividend represents an annualized dividend amount of $2.40 per share as compared to the current annualized dividend amount of $2.48 per share.
Realty Income Dividend Information
Annual Dividend: $2.48
Dividend Yield: 4.57%
Dividend Growth History: 17 years
Dividend Increase Effect On More Dividends
I am currently holding 24.223 shares of Southern Company. With this 3.3% increase, it will add $1.96 to my Projected Annual Dividend Income and thats not taking into account the compounding factor!
I am pleased with my position here. I am glad that I was able to move this position into a tax shelter back last year. It is able to grow tax free in that account. Currently, it is priced above my cost basis but I would love to be able to add to it someday.
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in Southern Company? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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