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Top 6 Stocks to Buy for June

Large-cap, high-quality dividend producers top this month’s list

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Top Stock to Buy #4 – Southern Company (SO)

Southern Company (NYSE:SO) is a large-cap electric utility that owns Alabama Power, Georgia Power, Gulf Power and Mississippi Power. According to Credit Suisse, it remains a “best-in-class” utility offering a combination of strong annual earnings growth at 5% to 7%, along with a 4.3% yield.

Over the past 10 years, with dividend reinvestment, investors would have received a compounded annual return of over 11%.

Credit Suisse analysts look for a target of $49. This may seem modest, but the stock’s steady appreciation and dividend increases make it a haven in times of uncertainty.

Technically, the stock’s near-term objective is in the high $40s and is recommended as a long-term buy. Continue to hold SO for its dividend income, stability and performance.

SO Chart
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