Please ensure Javascript is enabled for purposes of website accessibility

Southern Company Raises Dividend for 12th Straight Year

By Justin Loiseau - Apr 15, 2013 at 7:32PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

A never-ending dividend strikes again.

Southern Company (SO 0.00%) announced today that it is raising its dividend for the 12th straight year. Effective June 6 for shareholders of record as of May 6, the utility's annual dividend will increase 3.6% to $2.03 per share.

SO Dividend Chart

Source: SO Dividend data by YCharts

At its current share price of $47.36, this represents a 0.2 percentage point dividend yield increase to 4.3%. 

SO Dividend Yield Chart

Source: SO Dividend Yield data by YCharts

"For more than 100 years, Southern Company has provided consistent value for customers and shareholders alike," said Chairman, President, and CEO Thomas Fanning in a statement today. "Our long history of providing clean, safe, reliable and affordable electricity-combined with our industry-leading financial integrity and commitment to providing solutions through innovation-leaves us well-positioned to meet the energy and business challenges of the future."

According to Southern, this upcoming quarter will be the 262nd consecutive quarter that the utility has distributed a dividend to shareholders.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

The Southern Company Stock Quote
The Southern Company
SO
$75.69 (0.00%) $0.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
322%
 
S&P 500 Returns
116%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/25/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.