Here's What Makes This Utility Stock So Safe
Southern Company (NYSE: SO) is an electric and natural gas utility with a long and successful history of reliability. That underpins its status as a relatively safe investment option for those seeking a trustworthy source of passive income, and it offers a generous 3.8% dividend yield today. Here are a few reasons why the stock of this electricity and natural gas utility is so safe.
The modern world doesn't work without energy. Spend a few hours without electricity, and you realize how the world would revert to a much less desirable state without it.
Southern's ability to provide products that are essential to modern life makes it a very resilient business. In fact, ensuring reliability is one of the key drivers of the company's capital investment plans, which brings up point No. 2.
Source Fool.com
