By Michael Dabaie

 

Southern Co. said Monday it was increasing its quarterly dividend to 66 cents a share.

The energy company with electric operating companies in three states and natural gas distribution companies in four states it raised its quarterly dividend by 2 cents. The dividend is payable on June 7, Southern said.

On an annualized basis, the dividend increase is 8 cents a share, to a rate of $2.64 a share, the company said. This marks the twentieth consecutive year that Southern has raised the dividend on its common stock, it said.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

April 19, 2021 15:17 ET (19:17 GMT)

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