Utility giant Southern (SO)$Southern(SO)$is trading at all-time highs while boasting strong growth and a long track record of dividend increases.It's outperforming amid record-breaking electricity demand and a flight to safety, from high market volatility to classic defensive names.Southern serves customers in Alabama, Georgia, Florida and Mississippi. The utility derives almost half its power from natural gas, with smaller segments in coal, nuclear and renewables. As one of America's largest natural gas distribution companies, it also benefits from the Russia-Ukraine war price surge.SO stock currently offers an annual 3.44% dividend yield. This is on the low end for utility peers but well above the S&P's 1.4% average yield. The company also has
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