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Southern (SO) Dividend Yield, Date & History

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$82.86 +1.08 (+1.32%)
(As of 12/20/2024 05:45 PM ET)

Southern Dividend Summary

Dividend Yield
3.48%
Annual Dividend
$2.88
Recent
Dividend Payment
Dec. 6
Dividend Increase
Track Record
24 Years
Annualized 3-Year
Dividend Growth
3.06%
Dividend Payout Ratio
66.98%

Southern (SO) pays an annual dividend of $2.88 per share, with a dividend yield of 3.48%. The next quarterly payment of $0.72 per share was paid on Friday, December 6, to investors who owned the stock before the ex-dividend date of Monday, November 18. SO has grown its dividend for 24 consecutive years, with an average annual increase of 1.01%. The company currently pays out 66.98% of its earnings and 35.17% of its cash flow as dividends.

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SO Dividend Payments by Quarter

The chart below displays up to four years of Southern's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

SO Dividend Yield Over Time

The chart below tracks Southern's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Southern vs. The Competition

Compare Southern's annual dividend, yield, and 3-year growth rate with averages for Utilities and NYSE companies to evaluate its performance against the market.

TypeSouthernUtilities CompaniesNYSE Companies
Annual Dividend$2.88$0.04$1.39
Dividend Yield3.48%4.09%3.58%
Annualized 3-Year Dividend Growth3.06%1.33%15.78%
Track Record24 years28 years24 years

Southern Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings66.98%
Based on This Year's Estimate71.46%
Based on Next Year's Estimate66.98%
Based on Cashflow35.17%

Southern Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/15/2024quarterly$0.72 - 3.17%11/18/202411/18/202412/6/2024
7/15/2024quarterly$0.72 - 3.6%8/19/20248/19/20249/6/2024
4/22/2024quarterly$0.72+$0.02
2.86%
3.98%5/17/20245/20/20246/6/2024
1/18/2024quarterly$0.70 - 4.08%2/16/20242/20/20243/6/2024
10/16/2023quarterly$0.70 - 4.15%11/17/202311/20/202312/6/2023
7/17/2023quarterly$0.70 - 3.96%8/18/20238/21/20239/6/2023
4/17/2023quarterly$0.70+$0.02
2.94%
3.87%5/12/20235/15/20236/6/2023
1/20/2023quarterly$0.68 - 4.05%2/17/20232/21/20233/6/2023

This table shows Southern's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Southern Dividend - Frequently Asked Questions

The current dividend yield for Southern is 3.48%. Learn more on SO's dividend yield history.

The annual dividend for SO shares is $2.88. Learn more on SO's annual dividend history.

Southern pays quarterly dividends to shareholders.

Southern's most recent quarterly dividend payment of $0.72 per share was made to shareholders on Friday, December 6, 2024.

Southern's most recent ex-dividend date was Monday, November 18, 2024.

Over the past three years, the company's dividend has grown by an average of 3.06% per year.

Southern has increased its dividend for the past 24 consecutive years.

The most recent change in the company's dividend was an increase of $0.02 on Monday, April 22, 2024.

The dividend payout ratio for SO is:
  • 66.98% based on the trailing year of earnings
  • 71.46% based on this year's estimates
  • 66.98% based on next year's estimates
  • 35.17% based on cash flow

Southern's dividend yield of 3.46% is lower than the average Utilities company that issues a dividend. The company's 24 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Southern's dividend payout ratio of 66.98% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Southern stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NYSE:SO) was last updated on 12/21/2024 by MarketBeat.com Staff
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