Alabama Power Dividends Declared

October 16, 2009 9:02 AM EDT

BIRMINGHAM, Ala., Oct. 16 /PRNewswire-FirstCall/ -- The board of directors of Alabama Power Company (NYSE: ALM) has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock as follows:

    Preferred Stock
    ($100 Par Value)
    4.20% - $1.05 per share
    4.52% - $1.13 per share
    4.60% - $1.15 per share
    4.64% - $1.16 per share
    4.72% - $1.18 per share
    4.92% - $1.23 per share

    Class A Preferred Stock
    ($25 Capital Value)
    5.20% - $.325 per share
    5.30% - $.33125 per share
    5.83% - $.3644 per share

    Preference Stock
    ($25 Capital Value)
    5.625% - $.3515625 per share
    6.45% - $.403125 per share
    6.50% - $.406250 per share

These dividends are for the quarter ending December 31, 2009, payable January 1, 2010, to shareholders of record on December 17, 2009.

Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers across the state.

SOURCE Alabama Power Company

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