How to Earn $600 a Month From a Company That Builds and Operates Power Plants for Data Centers
Key PointsSouthern Company operates utilities across the southeastern U.S.
Southern Company, an electric utility, benefits from the growing demand for power in data centers. The utility's dividend yield is 3.4%, with quarterly payouts allowing investors to earn $600 in monthly dividend income, or $7,200 annually, by investing roughly $212,000 in Southern Company stock at its current price. Data centers are proliferating rapidly, and in Southern Company's region, data center electricity usage has surged 55% year over year in the second quarter, reaching 1.2 gigawatts (GW).
Southern Company has contracted over 17 GW of large-load customer agreements expected to come online through the mid-2030s. To meet this increased demand, the company plans to develop 10 GW of new power generation resources, including natural gas, turbines, battery storage, and new transmission lines. Additionally, Southern Company has partnered with Alphabet's Google to boost power output at the Vogtle and Hatch nuclear plants, adding 96 MW to the grid.
For investors seeking passive income and upside from the data center energy boom, Southern Company is a promising utility stock to consider.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
