CLAIM #53965 · Southern Company (SO) · 2022Q3 earnings call · Oct 27, 2022 · due Dec 31, 2024
“As we get to 2024, given the improvement in our profile and given a durable growth rate, we think the Board will certainly have the opportunity to reevaluate the pace of growth and perhaps better align the growth in the dividend with growth in earnings.”
Dan Tucker · CFO
In context
“end to the extent that you get to that post Vogtle $4 to $4.30. Obviously, that suggests a significant jump. What are your thoughts on that side? Dan Tucker: Yes, Travis, this is Dan. So we've talked about this in an earlier call. There is -- if you look in our slide deck, slide 21 kind of represents the uplift from the completion of Vogtle from a cash flow perspective. We're really thinking about that uplift supporting three things. One is an improvement in our overall financial profile, in particular, our credit profile. Then two is, it continues to fund our growth. And then thing three is the dividend. We have increased the dividend every year for over two decades now, going back 75 years. We've never cut the dividend. It's an incredibly important part of our overall value proposition. As we get to 2024, given the improvement in our profile and given a durable growth rate, we think the Board will certainly have the opportunity to reevaluate the pace of growth and perhaps better align the growth in the dividend with growth in earnings. Travis Miller: Okay. That’s great. I understand. Thanks so much. Scott Gammill: Thank you. Operator: And that concludes today's question-and-answer session. Sir, are there any other closing remarks? End of Q&A: Tom Fanning: No, I'm just reminded, maybe age is getting to me, but I can remember one time, I don't know, five, six years ago, where somebody was pleading with me to have a boring earnings call. The old mantra of regular, predictable, sustainable starts to reenter our dialogue now, as we finish these major milestones on Vogtle and we look towards the future. I wouldn't say this was a boring call at all, but it certainly has less volatility in it, given the performance that this company has been able to achieve. Here's hoping for the future. We feel confident, and we look forward t”
Verify independently
SEC filings for SO ↗ · Claim quote is verbatim from the 2022Q3 earnings call.