Dividend Increase Announcement
On April 19th, Southern Company announced a dividend increase of 3%. This will increase their dividend per quarter from $0.66 to $0.68. It is payable on June 6th for shareholders of record on May 16th. The new quarterly dividend represents an annualized dividend amount of $2.72 per share as compared to the current annualized dividend amount of $2.64 per share.
Southern Company Dividend Information
Annual Dividend: $2.72
Dividend Yield: 3.57%
Dividend Growth History: 21 years
Dividend Increase Effect
I am currently holding 27.456 shares of Southern Company in the More Dividends portfolio. With this 3% increase it will add an additional $2.20 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Current Stock Position
Southern Company has been a very interesting position for me. Initially, I held this position in a taxable account but after a few years I ended up moving the position into a tax sheltered account.
Since that time, I have allowed the dividends to reinvest so that it will continue to build me a bigger position. Other than that I cannot see me adding to this position since the current share price is almost 2 times my cost basis. Until the share price comes down I will remain a patient investor
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
Recent Dividend Increases in Portfolio
Realty Income Increases Their Dividend by 0.2% in 2022 !!!
Procter & Gamble Increases Their Dividend by 5% in 2022
Johnson & Johnson Increases Their Dividend by 6.6% in 2022
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