SO - Southern Company: How One Of The Best Utilities Could Return Over 10% Per Year
2024-03-13 14:58:39 ET
Summary
- Southern Company has expanded its nuclear footprint, completing Vogtle 3 and 4, which will contribute to decarbonization efforts.
- The company has a track record of dividend growth and aims to reduce emissions by 50% by 2030.
- Despite challenges, Southern Company has a positive free cash flow outlook and projects 5-7% annual EPS growth, offering potential returns exceeding 10% annually.
Introduction
When I started to get more serious about dividend investing in 2019/2020 (that's when I went all-in), I made one mistake. That mistake was underestimating the Southern Company ( SO ) .
Although I never disliked the company, I did not buy it for my personal account, as I wanted exposure to faster-growing areas like renewables.
Thankfully, I turned much more bullish on Southern Company in recent years, as it is far from a boring utility. Sure, utilities, in general, are not spectacular investments....
Southern Company: How One Of The Best Utilities Could Return Over 10% Per Year