Southern Company (The) (SO) to Issue Quarterly Dividend of $0.76 on September 8th

Southern Company (The) (NYSE:SO) declared a quarterly dividend on Monday, July 20th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.76 per share by the utilities provider on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, August 17th.

Southern has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 25 years. Southern has a payout ratio of 66.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Southern to earn $4.92 per share next year, which means the company should continue to be able to cover its $3.04 annual dividend with an expected future payout ratio of 61.8%.

Southern Stock Down 0.7%

SO opened at $93.83 on Wednesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.65 and a quick ratio of 0.45. Southern has a 12 month low of $83.80 and a 12 month high of $100.83. The stock has a market capitalization of $105.77 billion, a P/E ratio of 23.87, a P/E/G ratio of 2.85 and a beta of 0.34. The business has a 50 day simple moving average of $94.23 and a 200-day simple moving average of $93.54.

Southern (NYSE:SO) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.11. Southern had a return on equity of 12.64% and a net margin of 14.46%.The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. Southern’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities analysts anticipate that Southern will post 4.58 earnings per share for the current fiscal year.

Southern Company Profile

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.