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Southern Company Message Board

  • smaycs4 smaycs4 Apr 16, 2014 7:20 PM Flag

    First bought at $44.40. Watched it fall & bought more at $40.51

    Now its $45.82.

    Interesting how I was less confident as the price was dropping but still knew I had to buy more.

    Ive also been reinvesting dividends along the way except I missed the first one.

    First bought on 1/28/13 then bought 125% at $40.51 on 10/4/13.

    And reinvested 3 dividends along the way.

    So far, so good for my first utility. Always used to swing for the fences but haven't been doing that lately and
    keep sitting on more & more cash from prior harvesting of other stocks.

    I expect I will hold this for a very long time.

    Where else can you get this kind of dividend with this kind of reliability for so long ?

    Just wish they would stop having cost overruns.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • If your looking for other good dividend stocks, I can suggest some of my favorites, but please do your own research to be sure you like them. Mine are Ensco (ESV), Ventas (VTR), AT&T (T), GlaxoSmithKline (GSK). Along with SO these are the core of my income portfolio. I also have a growth portfolio but we are talk about income here.

    • I started buying SO in 1995, direct purchase with dividends reinvested. In 2004 I gave all but a couple shares to my grandchildren and started buying again. They still have it. At one time it was the biggest holding in our portfolio, but when it went over $46.00 I started selling some and diversifying. Sold 1100 shares and have less than that now. But the stocks I bought with the money average 6.54% in dividend and grew 23% last year. SO is a good 'anchor stock' or a good stock to own in a bear market, but don't overload on it.

    • Your MaMa is so proud.

44.74-0.04(-0.09%)Jul 25 4:04 PMEDT

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