From Nasdaq:

Southern Company has brought a large-scale nuclear power plant online in the first such occurrence in over 30 years, and is set to add a second nuclear power plant to the grid in early 2024. This comes after many hurdles faced in the construction process, including cost overruns, long delays, and a bankruptcy by the primary contractor, Westinghouse. However, this success has reflected in the stock performance, with only a 3% decline over the past year. Additional changes will occur after Vogtle 4 begins operating, including the end of capital investment and the generation of increased cash flow.

Investors interested in Southern should note that the stock’s relatively high dividend yield (4%) is likely to decrease as dividend growth increases, making it a more attractive option for dividend growth investors. However, it may take a while for this growth to materialize. While Southern’s stock may not be as exciting as it once was, it offers a reliable investment opportunity with potential for future growth. Keep in mind that the Motley Fool Stock Advisor team has not identified Southern Company as one of the 10 best stocks for investors to buy now.



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