Southern Company (SO, Financial) has revealed an increased annual dividend, raising it by 8 cents per share to a new rate of $2.96 per share. This decision highlights the company's commitment to rewarding its shareholders, as it marks the 77th consecutive year of maintaining or enhancing its dividend payments. Moreover, this is the 24th straight year the dividend has seen an increment.
The company also announced a regular quarterly dividend, which now stands at 74 cents per share—representing a 2-cent increase over the previous quarter. This quarterly payment is scheduled to be disbursed on June 6, 2025, to shareholders who are recorded by May 19, 2025.
The company's ability to consistently elevate its dividends underscores the dedication and strong performance of its workforce, as noted by Southern Company Chairman, President, and CEO, Christopher C. Womack. The corporation credits its more than 28,000 employees for making these financial strides possible through their hard work and commitment to excellence.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Southern Co (SO, Financial) is $92.52 with a high estimate of $104.00 and a low estimate of $72.86. The average target implies an upside of 2.43% from the current price of $90.33. More detailed estimate data can be found on the Southern Co (SO) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Southern Co's (SO, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Southern Co (SO, Financial) in one year is $75.46, suggesting a downside of 16.46% from the current price of $90.33. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Southern Co (SO) Summary page.
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