Southern Co. (SO) Raises Quarterly Dividend 3.7% to $0.56; 4.4% Yield

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Go back to Southern Co. (SO) Raises Quarterly Dividend 3.7% to $0.56; 4.4% Yield

Southern Company raises dividend rate 15th straight year; annualized rate goes to $2.24 per share

April 18, 2016 2:45 PM EDT

ATLANTA, April 18, 2016 /PRNewswire/ -- Southern Company said today it is increasing its dividend by 7 cents per share on an annualized basis to a rate of $2.24 per share.

The increase marks the 15th straight year that Southern Company has raised the dividend on its common stock.

Southern Company also announced today a regular quarterly dividend including an increase of 1.75 cents per share over the prior quarter of 56 cents... More