SO and PPL: Which Utility Could See Higher Dividend Growth?

Southern Company (SO), the second-largest regulated utility, is expected to grow its EPS by 4%–6% per year for the next few years. Wall Street analysts expect its dividends to grow around 3% for the next few years. Utilities at large are aiming for 4%–6% per share dividend growth for the next few years. In comparison, PPL’s (PPL) EPS growth could remain at 5%–6% through 2020, and it expects its dividends to grow by 4% for the next few years.