Alabama Power Dividends Declared

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dividends

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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Analyzing...

04/14/2021 - 12:41 PM

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

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.