One must consider the CPI/inflation in that number, however. While I don't have the numbers handy, I'm sure $41.25 in 1994 was less than $20 now. Certainly not a parallel and not a reason for a split. I have two other utilities right now; and while SO is higher than DUK, it's $10 below the price of Central Hudson Electric and Gas (CHG). I think this has to be well north of $50 before mgmt considers a split. The price keeps edging up, the dividend goes up gradually . . . this is a classic buy and hold.
Maybe. On the other hand mngmnt may opt to see what kind of value develops from the Nicor merger before acting (or not). You know, let the dust settle. I'm sure they'll have their hands full integrating the two.
So has had quite a run up. A split (2:1) with dividend increase would indicate that the board has confidence in the continued growth of So. So would attract additional buyer interest and the stock price would probably get an additional pop. Many potential buyers think they missed the recent rise. The split would signal with the dividend boost that continued growth is projected to continue.