Southern Company increases dividend for 23rd consecutive year; annualized rate rises to $2.88 per share

Southern Company today announced it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.88 per share.

This marks the 76th consecutive year that Southern Company has paid a dividend on its common stock that is equal to or greater than the previous quarter. Additionally, this is the 23^rd consecutive year the company has raised its dividend.

Southern Company also announced a regular quarterly dividend – including an increase of 2 cents per share over the prior quarter – of 72 cents per share, payable June 6, 2024 to shareholders of record as of May 20, 2024.

"Across the Southern Company enterprise, thousands of dedicated employees work tirelessly each day to provide customers with clean, safe, reliable and affordable energy solutions that make their lives better," said Southern Company Chairman, President and CEO Christoper C. Womack. "Today's action by the Southern Company board reinforces our time-honored shareholder value proposition of providing regular, predictable and sustainable dividend growth supported by our premier state-regulated utilities and energy infrastructure under long-term contracts."