Alabama Power Dividend Declared
Rhea-AI Summary
The board of directors of Alabama Power has declared a quarterly dividend of $.3125 per share on its Class A Preferred Stock, reflecting a 5.00% yield, for the quarter ending September 30, 2022. This dividend will be payable on October 1, 2022, to shareholders of record as of September 16, 2022. Alabama Power, a Southern Company subsidiary, serves 1.5 million customers in Alabama, providing reliable and affordable electricity.
AI-generated analysis. Not financial advice.
Positive
- Quarterly dividend of $.3125 per share declared.
- 5.00% yield on Class A Preferred Stock.
- Positive signaling of financial health and shareholder value.
Negative
- None.
News Market Reaction – SO
On the day this news was published, SO gained 0.93%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
BIRMINGHAM, Ala., July 13, 2022 /PRNewswire/ --The board of directors of Alabama Power Company has declared a regular quarterly dividend on the company's outstanding preferred stock as follows:
Class A Preferred Stock |
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This dividend is for the quarter ending September 30, 2022, payable October 1, 2022, to shareholders of record on September 16, 2022.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to 1.5 million customers across the state. Learn more at www.alabamapower.com.
View original content:https://www.prnewswire.com/news-releases/alabama-power-dividend-declared-301586216.html
SOURCE Alabama Power Company