Let’s start with a bank stock. Why? While many sectors fear rising interest rates, banks look forward to them.
In July, it boosted its quarterly dividend 17 per cent to 21 cents U.S. per share. That gives the company an annual yield of 1.8 per cent at the current share price.Article content The recession-proof nature of the business means Southern can pay reliable dividends. In April, the company boosted its quarterly payout by 2 cents per share to 66 cents per share, marking the 20th consecutive year that Southern has increased its dividend.In 2021, Southern earned an adjusted profit of US$3.41 per share, up 5 per cent from 2020. Management expects adjusted earnings per share for 2022 to be in the range of US$3.50 to US$3.60.
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