The Southern Company: At This Stage, a Dividend Play

Filed under: Stocks to Buy, Southern Company (SO)

The Southern Company's (SO) shares have meandered in the past three months -- running into resistance at $40, and now may be a good time to take some profits off the table, if you're in at the June 19, 2009 price of $30.61, and if SO's dividend is not a primary concern for you.



However, those who are seeking a decent dividend can maintain their full position in SO: a $1.82 annual dividend, good for a 4.77% yield at the current $38.32 share price offers an impressive income stream, along with SO's modest growth.



Underscoring, The Southern Co business model isn't sexy, but it will likely benefit your savings account. SO, with its 42.9 million megawatts of generating capacity, is likely to be a top utility sector performer, and the reason is its Atlanta-area operations.

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The Southern Company: At This Stage, a Dividend Play originally appeared on BloggingStocks on Fri, 14 Jan 2011 17:00:00 EST. Please see our terms for use of feeds.

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