1. Southern Company raised its annual dividend by 8 cents to $2.96. 2. This is the 77th consecutive year of dividend payments. 3. The quarterly dividend increases by 2 cents to 74 cents per share. 4. CEO emphasizes dedication from 28,000 employees supports dividend increases. 5. Commitment to net-zero emissions by 2050 aligns with sustainable growth.
The consistent dividend increase reflects the company’s strong financial health and investor commitment, positively impacting stock price, similar to historical trends where dividend increases have been correlated with stock performance.
The dividend increase signals financial robustness, attracting income-focused investors and enhancing long-term stock value, thus it is highly relevant.
The sustained dividend growth indicates a long-term positive trajectory for SO, similar to other steady dividend issuers in the utility sector that typically experience long-term price appreciation.
/PRNewswire/ -- Southern Company today announced it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.96 per share.
This marks the 77th consecutive year that Southern Company has paid a dividend on its common stock that is equal to or greater than the previous quarter. Additionally, this is the 24th consecutive year the company has raised its dividend.
Southern Company also announced a regular quarterly dividend – including an increase of 2 cents per share over the prior quarter – of 74 cents per share, payable June 6, 2025 to shareholders of record as of May 19, 2025.
"Today's action by the Southern Company board was made possible by the hard work, dedication and commitment to excellence from our more than 28,000 employees," said Southern Company Chairman, President and CEO Christoper C. Womack. "Our board takes immense pride in again reinforcing our overall value proposition to our investors with a goal of providing regular, predictable and sustainable dividend growth supported by premier state-regulated utilities and energy infrastructure under long-term contracts."
Southern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy distribution company with national capabilities, a fiber optics network and telecommunications services.
Through an industry-leading commitment to innovation, resilience and sustainability, we are taking action to meet customers' and communities' needs while advancing our goal of net-zero greenhouse gas emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture has been recognized by a variety of organizations, earning the company awards and recognitions that reflect Our Values and dedication to service. To learn more, visit www.southerncompany.com.
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning dividend growth. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized.
The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2024 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including tax, environmental and other laws and regulations to which Southern Company and its subsidiaries are subject...
Southern Company expressly disclaims any obligation to update any forward-looking information.
SOURCE Southern Company