Is Southern Company's 4% Dividend Sustainable?
Southern Company (NYSE: SO) is one of the largest utility companies in the United States, with a trailing 12-month revenue of $21.84 billion. And after 71 consecutive years of paying dividends, it has become a staple in income investors' portfolios. Those who own it today are enjoying a payout that yields 3.94%, even in the wake of a 43% share price increase so far in 2019.
However, before investors hit the buy button on Southern Company's impressive share price increase and dividend yield, there are a few things to consider.
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Source Fool.com
