ALABAMA POWER DIVIDENDS DECLARED

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

On April 13, 2022, Alabama Power Company declared quarterly dividends on its preferred stock for the quarter ending June 30, 2022. Shareholders will receive payments of $1.05 to $1.23 per share based on the stock's par value, with a 5.00% dividend of $0.3125 per share for Class A Preferred Stock. Payments are scheduled for July 1, 2022, to shareholders on record by June 16, 2022. Alabama Power, a subsidiary of Southern Company (NYSE:SO), serves 1.5 million customers in Alabama.

Positive

Quarterly dividends declared for preferred stock, indicating financial stability.
Dividend payments scheduled for July 1, 2022, providing income to shareholders.
Continued service to 1.5 million customers, reflecting a robust customer base.

Negative

None.

News Market Reaction 1 Alert

-0.24% News Effect

On the day this news was published, SO declined 0.24%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

04/13/2022 - 01:12 PM

BIRMINGHAM, Ala., April 13, 2022 /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 June 30, 2022, payable July 1, 2022, to shareholders of record on June 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-dividends-declared-301525125.html