ATLANTA, April 16, 2018 /PRNewswire/ -- Southern
Company announced today it is increasing its dividend by 8
cents per share on an annualized basis to a rate
of $2.40 per share.
This marks the 17th 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 60 cents per share,
payable June 6, 2018, to shareholders of record as of May
21, 2018. This marks 282 consecutive
quarters – dating back to 1948 – that Southern Company will have
paid a dividend to its shareholders that is equal to or greater
than the previous quarter.
"Southern Company has an outstanding 70-year track record of
dividends and dividend growth," said Southern Company Chairman,
President and CEO Thomas A. Fanning.
"Today's action by the board speaks to the long-term strength of
our business."
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company,
with 46,000 megawatts of generating capacity and 1,500 billion
cubic feet of combined natural gas consumption and throughput
volume serving 9 million electric and gas utility customers through
its subsidiaries. The company provides clean, safe, reliable and
affordable energy through electric utilities in four states,
natural gas distribution utilities in seven states, a competitive
generation company serving wholesale customers across America and a
nationally recognized provider of customized energy solutions, as
well as fiber optics and wireless communications. Southern Company
brands are known for excellent customer service, high reliability
and affordable prices that are below the national average. Through
an industry-leading commitment to innovation, Southern Company and
its subsidiaries are inventing America's energy future by
developing the full portfolio of energy resources, including
carbon-free nuclear, 21st century coal, natural gas, renewables and
energy efficiency, and creating new products and services for the
benefit of customers. Southern Company has been named by the U.S.
Department of Defense and G.I. Jobs magazine as a top military
employer, recognized among the Top 50 Companies for Diversity by
DiversityInc, listed by Black Enterprise magazine as one of the 40
Best Companies for Diversity and designated a Top Employer for
Hispanics by Hispanic Network. Visit our website at
www.southerncompany.com.
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SOURCE Southern Company