Southern Company (SO) announced it is increasing its dividend by 8c per share on an annualized basis to a rate of $2.96 per share. This marks the 77th consecutive year that Southern Company has paid a dividend on its common stock that is equal to or greater than the previous quarter and this is the 24th consecutive year the company has raised its dividend, the company said. Southern Company also announced a regular quarterly dividend – including an increase of 2c per share over the prior quarter – of 74c per share, payable June 6, 2025 to shareholders of record as of May 19, 2025. Today’s action by the Southern Company board was made possible by the hard work, dedication and commitment to excellence from our more than 28,000 employees,” said Southern Company Chairman, President and CEO Christoper C. Womack.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SO:
- Southern Company upgraded to Neutral from Underweight at JPMorgan
- Insider Sales: MongoDB, Macy’s, Kroger, Southern Co, Ulta
- Southern Company price target raised to $91 from $88 at Morgan Stanley
- Kroger, Thermo Fisher, AST SpaceMobile, Southern Co, and Prospect Capital: Insider Moves Revealed!
- Insider Moves: Diamondback, Southern Co, Northrop, Schwab, Synopsys