Seeking Alpha
0
All posts from Seeking Alpha
Seeking Alpha in Seeking Alpha - Read, Decide, Invest.,

Southern Company - Expect A Dividend Increase, But Not Much More

Recently the Southern Company (SO) released fourth quarter and full year earnings results. Here's a look at how 2014 compared to 2013:

2014

2013

% Change

Revenue ($b)

$18.50

$17.09

8.3%

Net Income ($b)

$1.98

$1.64

20.4%

Basic EPS

$2.21

$1.88

17.6%

Basic EPS Excl Items

$2.80

$2.71

3.3%

Dividend/Share

$2.08

$2.01

3.5%

Shares Outstanding (-m)

906.0

885.0

2.4%

As you can see above, Southern Company posted higher sales, income and earnings as compared to the previous year. Note that the earnings increase was offset slightly by the increase in common shares outstanding, as is typical with utility companies. Additionally, the company was able to increase its dividend for the 13th straight year. Earlier last month the company announced a $0.525 quarterly dividend, payable March 6th, which marks the 4th payout at this rate and 269th consecutive payment overall.

Southern Company President and CEO Thomas Fanning said that the… Read More …