The Southern JR 2017B NT 77 (SOJC) Dividends
Market Cap: $99.72B
Avg Volume: 32.25K
Industry: Regulated Electric
Sector: Utilities
Dividend Overview
The Southern JR 2017B NT 77 (SOJC) pays a quarterly dividend to its shareholders. The current dividend yield is 5.95%, which means that for every $100 invested at the current price, investors would receive approximately $5.95 in dividends per year (this can change based on future dividend payments and price movements).
About SOJC's Dividend
The Southern JR 2017B NT 77 pays a quarterly dividend of $0.33 per share, which totals $1.31 annually. This means that for each share you own, you'll receive $1.31 in dividends over the course of a year, distributed across four quarterly payments.
The most recent ex-dividend date was February 28, 2025. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
The Southern JR 2017B NT 77's payout ratio is 0.67% which means that 0.67% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.
The Southern JR 2017B NT 77's dividend has grown by 0.03% over the past year. A positive growth rate can be a sign of the company's confidence in its future earnings.
SOJC Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.32813 | 5.95% | February 28, 2025 | February 28, 2025 | March 03, 2025 | |
| $0.32813 | 5.66% | November 29, 2024 | November 29, 2024 | December 02, 2024 | |
| $0.32813 | 5.43% | August 30, 2024 | August 30, 2024 | September 03, 2024 | |
| $0.32813 | 5.61% | May 31, 2024 | May 31, 2024 | June 03, 2024 | |
| $0.3281 | 5.35% | February 28, 2024 | February 29, 2024 | March 01, 2024 | |
| $0.32813 | 5.61% | November 29, 2023 | November 30, 2023 | December 01, 2023 | |
| $0.32813 | 5.44% | August 30, 2023 | August 31, 2023 | September 01, 2023 | |
| $0.32813 | 5.39% | May 30, 2023 | May 31, 2023 | June 01, 2023 | |
| $0.32813 | 5.53% | February 27, 2023 | February 28, 2023 | March 01, 2023 | |
| $0.328 | 5.75% | November 29, 2022 | November 30, 2022 | December 01, 2022 | |
| $0.328 | 5.50% | August 30, 2022 | August 31, 2022 | September 01, 2022 | |
| $0.328 | 5.35% | May 27, 2022 | May 31, 2022 | June 01, 2022 | |
| $0.321 | 5.25% | February 25, 2022 | February 28, 2022 | March 01, 2022 | |
| $0.328 | 5.09% | November 29, 2021 | November 30, 2021 | December 01, 2021 | |
| $0.332 | 4.92% | August 30, 2021 | August 31, 2021 | September 01, 2021 | |
| $0.332 | 5.00% | May 27, 2021 | May 28, 2021 | June 01, 2021 | |
| $0.321 | 3.79% | February 25, 2021 | February 26, 2021 | March 01, 2021 | |
| $0.328 | 3.69% | November 27, 2020 | November 30, 2020 | December 01, 2020 | |
| $0.332 | 3.69% | August 28, 2020 | August 31, 2020 | September 01, 2020 | |
| $0.332 | 3.77% | May 28, 2020 | May 29, 2020 | June 01, 2020 | |
| $0.328 | 5.10% | November 27, 2019 | November 29, 2019 | December 01, 2019 | |
| $0.328 | 4.96% | August 29, 2019 | August 30, 2019 | September 01, 2019 | |
| $0.328 | 5.22% | May 30, 2019 | May 31, 2019 | June 01, 2019 | |
| $0.328 | 5.39% | February 27, 2019 | February 28, 2019 | March 01, 2019 | |
| $0.328 | 4.57% | November 29, 2018 | November 30, 2018 | December 01, 2018 | |
| $0.328 | 2.67% | August 30, 2018 | August 31, 2018 | September 01, 2018 | |
| $0.328 | 1.35% | May 30, 2018 | May 31, 2018 | June 01, 2018 | |
| $0.361 | 1.51% | February 27, 2018 | February 28, 2018 | March 01, 2018 |
Dividend Growth
The Southern JR 2017B NT 77 (SOJC) dividend payments have grown 2.67% over the past year
Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for SOJC
- Dividend Payout Ratio: 0.67% Low risk
- Dividend & Capex Coverage Ratio: 0.82x Weak coverage
- Dividend Frequency: Quarterly
- Recent Dividend Growth: 0.03% Positive
What These Indicators Mean
A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. The Southern JR 2017B NT 77's payout ratio is 0.67% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of 0.82x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This ratio below 1.0x indicates The Southern JR 2017B NT 77 may need to use cash reserves or debt to fund dividends and investments, which could be unsustainable long-term.
The Southern JR 2017B NT 77's quarterly dividend structure is the most common among dividend-paying companies, providing a balance between regular income for investors and financial flexibility for the company.
The Southern JR 2017B NT 77's dividend growth rate of 0.03% is positive but modest, indicating steady but cautious dividend policies.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.