How Much Would It Take To Earn $100 A Month From Southern Stock

The Southern Company SO engages in the generation, transmission and distribution of electricity. The company also develops, constructs, acquires, owns and manages power generation assets, including renewable energy projects, and sells electricity in the wholesale market; distributes natural gas in Illinois, Georgia, Virginia and Tennessee; and provides gas marketing services, gas distribution operations and gas pipeline investment operations.

It will report its Q4 2024 earnings on Feb. 13, 2025. Wall Street analysts expect the company to post an EPS of $0.56, down from $0.64 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $6.30 billion, up from $6.04 billion in the year-ago period.

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The 52-week range of Southern stock price was $65.80 to $94.45.

Southern’s dividend yield is 3.52%. During the last 12 months, it paid $2.88 per share in dividends.

The Latest On Southern

On Oct. 31, the company announced its Q3 2024 earnings, posting operating revenue of $7.274 billion, missing the consensus of $7.287 billion, as reported by Benzinga.

Adjusted EPS improved to $1.43, beating the consensus of $1.34. Adjusted earnings were led by higher utility revenues, partially offset by increased interest expense, depreciation and amortization, nonfuel operations and maintenance expenses and income taxes.

Southern revised adjusted EPS guidance from $3.95 – $4.05 to $4.05, compared to the $4.03 estimate.

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How Can You Earn $100 Per Month As A Southern Investor?

If you want to make $100 per month – $1,200 annually – from Southern dividends, your investment value needs to be approximately $34,091, which is 416 shares at $81.88 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (3.52% in this case). So, $1,200 / 0.0352 = $34,091 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Southern stock an attractive option for making a steady income of $100 per month by owning 416 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Southern has raised its dividend consecutively for the last 23 years. 

Check out this article by Benzinga for three more stocks offering high dividend yields.

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