Alabama Power Dividends Declared

Rhea-AI Summary

The board of directors of Alabama Power Company has announced quarterly dividends on its preferred stock for the quarter ending March 31, 2021. The dividends include:

• 4.20% - $1.05 per share
• 4.52% - $1.13 per share
• 4.60% - $1.15 per share
• 4.64% - $1.16 per share
• 4.72% - $1.18 per share
• 4.92% - $1.23 per share
• Class A: 5.00% - $0.3125 per share

These dividends will be payable on April 1, 2021, to shareholders of record as of March 17, 2021.

Positive

• Quarterly dividends declared demonstrating financial stability.
• Diverse range of preferred stock dividends potentially appealing to investors.

Negative

• None.

BIRMINGHAM, Ala., Jan. 13, 2021 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows:

Preferred Stock

($100 Par Value)

4.20% - $1.05 per share

4.52% - $1.13 per share

4.60% - $1.15 per share

4.64% - $1.16 per share

4.72% - $1.18 per share

4.92% - $1.23 per share

Class A Preferred Stock

($25 Capital Value)

5.00% - $.3125 per share

These dividends are for the quarter ending March 31, 2021, payable April 1, 2021, to shareholders of record on March 17, 2021.

Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.

View original content:http://www.prnewswire.com/news-releases/alabama-power-dividends-declared-301207811.html

SOURCE Alabama Power Company

FAQ

What are the Alabama Power dividends for SO shareholders?

Alabama Power declared quarterly dividends on preferred stock, including $1.05, $1.13, $1.15, $1.16, $1.18, and $1.23 per share, with Class A at $0.3125 per share.

When will the dividends for Alabama Power be paid?

The dividends will be payable on April 1, 2021, to shareholders of record on March 17, 2021.

What is the significance of Alabama Power's dividends announcement for SO?

The announcement indicates Alabama Power's financial health and their commitment to returning value to preferred shareholders.