VDE - Here's Why The Southern Company Is a No-Brainer Utility Stock
2023-10-08 05:43:00 ET
The Southern Company (NYSE: SO) is the type of company that you buy and forget about for long stretches of time. When you go back and look at it a few times a year, the story is likely to be very similar to when you bought it. It is a slow-moving tortoise.
However, there's an important inflection point on the horizon that should make this reliable dividend payer more attractive to investors. Here are some things to know before things start to change in an important way.
Most investors looking at the utility industry will probably be in the market for dividend stocks. So it makes sense to look at Southern's yield right away. It is not the highest yield, but it is above the industry average, using Vanguard Utilities ETF (NYSEMKT: VDE) as a proxy.
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Here's Why The Southern Company Is a No-Brainer Utility Stock