Alabama Power Dividends Declared

The board of directors of Alabama Power Company has declared quarterly dividends on preferred stock, effective for the quarter ending June 30, 2021.

Rhea-AI Summary

The board of directors of Alabama Power Company has declared quarterly dividends on preferred stock, effective for the quarter ending June 30, 2021. Dividends include 4.20% at $1.05 per share, up to 4.92% at $1.23 per share for various preferred categories, and Class A preferred stock at 5.00% with dividends of $0.3125. Payment is scheduled for July 1, 2021, to shareholders of record on June 16, 2021. As a subsidiary of Southern Company (NYSE:SO), Alabama Power serves 1.5 million customers in Alabama.

Positive

• Regular quarterly dividends declared, enhancing shareholder income.
• Diverse preferred stock options available for investors.

Negative

• None.

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In the trading session that priced this news, SO gained 0.52%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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BIRMINGHAM, Ala., April 14, 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 June 30, 2021, payable July 1, 2021, to shareholders of record on June 16, 2021.

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:http://www.prnewswire.com/news-releases/alabama-power-dividends-declared-301269044.html

SOURCE Alabama Power Company

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the Alabama Power Company dividend details for SO stock?

Alabama Power Company declared quarterly dividends on preferred stock, with rates from 4.20% to 4.92% and a Class A rate of 5.00%, payable on July 1, 2021.

When is the Alabama Power dividend payment date for SO?

Dividends will be paid on July 1, 2021.

What is the record date for Alabama Power dividends for SO shareholders?

Shareholders of record will be on June 16, 2021.

How much is the Class A preferred stock dividend for Alabama Power Company?

The Class A preferred stock dividend is $0.3125 per share.