Southern Company announced today it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.64 per share.
This marks the 20th consecutive year that Southern Company has raised the dividend on its common stock.
Southern Company also announced today a regular quarterly dividend – including the increase of 2 cents per share over the prior quarter – of 66 cents per share, payable June 7, 2021, to shareholders of record as of May 17, 2021. Today’s action by the board ensures Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter every quarter dating back to 1948.
“Twenty consecutive years of dividend increases is an accomplishment everyone at Southern Company can be proud of,” said Southern Company Chairman, President and CEO Thomas A. Fanning. “Today’s action by the board reinforces our more than 70 year history of overall shareholder value proposition that has included dividends and dividend growth and once again proves the superior performance, strength and resilience of Southern Company’s exceptional energy businesses.”