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