Southern Company (NYSE: SO) Chairman, President and CEO Chris Womack Interviewed by Advisor Access
20 August 2024 - 10:35PM
Southern Company: 23
Consecutive Years of Dividend Increases
Southern Company (NYSE: SO) is an
energy company providing electric and gas service to nine million
customers across the United States.
Click to view the SO Fact Sheet
Click to view the SO Investor
Presentation
Advisor Access spoke with
Southern Company’s chairman, president and CEO, Chris
Womack, about the company’s business model, culture and
plans for future growth.
Advisor Access: For
readers unfamiliar with Southern Company, would you share an
overview of the company?
Chris Womack: Southern Company is
one of the largest utility holding companies in the United States.
We are focused on providing clean, safe, reliable, and affordable
energy to customers through vertically integrated, state-regulated
electric utilities in three states, state-regulated natural gas
distribution utilities in four states, and a competitive wholesale
generation business that serves customers throughout the
country…
AA: Since your transition
to CEO over a year ago, what have your observations been and what
are you excited about for the future?
CW: Southern Company is a great
company…For example, we are very proud of the completion of Plant
Vogtle Units 3 and 4, the first new nuclear units completed in the
United States in over three decades…
AA: How has the
manufacturing renaissance in the Southeast affected Southern
Company’s core business operations and how does the company manage
this growth?
CW: The strong Southeast economy,
including favorable business climates and expansions in
manufacturing, continues to drive net in-migration and customer
growth into our service territories…
AA: With the recent
achievement of commercial operation of Units 3 and 4, the four-unit
Vogtle nuclear site is now the largest generator of clean energy in
the U.S. Would you discuss Southern Company’s outlook for building
new generation to serve the growth that you’re seeing?
CW: We could not be prouder of
the team’s perseverance and commitment to successfully complete the
new nuclear units at Plant Vogtle…
AA: On April 22, 2024,
Southern Company announced an 8-cent dividend increase to an
annualized rate of $2.88 per share, continuing 23 years of dividend
increases. Why is the dividend so important to Southern
Company?
CW: This year represents our 23rd
consecutive annual dividend increase, and for the last 77 years –
dating back to 1948 – Southern Company has paid a dividend that was
equal to or greater than that of the previous year. This is a track
record that we are extraordinarily proud of…
Click Here to Read additional Questions,
complete Answers, and the Entire Article Online
AA: Thank you,
Chris.
Click HERE to view the
Southern Company
Disclosures
About Advisor Access
Advisor-Access LLC was designed to bring compelling
investment ideas to investors in the form of in-depth interviews
with company management and the latest fact sheets and corporate
presentations, in a concise format: the critical pieces of
information an investor needs to make an informed investment
decision. Read the Advisor-Access Full
Disclosure Online.
Advisor Access
Rick Baggelaar
Rick@advisor-access.com
Southern (NYSE:SO)
Historical Stock Chart
From Nov 2024 to Dec 2024
Southern (NYSE:SO)
Historical Stock Chart
From Dec 2023 to Dec 2024
