The Dynamic Dividend

Southern Company Hits a Decade of Dividend Growth

The Southern Company (SO) declared a quarterly dividend of $0.4725 per share today, a 3.9% improvement over the $0.455 paid each of the previous four quarters by the Atlanta-based energy company. This marks the tenth consecutive year Southern has given its shareholders a raise.

Shares of SO are hovering right around Friday’s closing price of $38.33 today, where they now feature a 4.93% dividend yield.

The Southern Company has increased its dividend every year dating back to 2002, raising its payout by a total of 41% over that span.