Alabama Power Dividends Declared

The board of directors of Alabama Power Company has declared quarterly dividends on preferred stock for the quarter ending September 30, 2020.

Rhea-AI Summary

The board of directors of Alabama Power Company has declared quarterly dividends on preferred stock for the quarter ending September 30, 2020. Dividends include $1.05 per share for 4.20%, $1.13 for 4.52%, $1.15 for 4.60%, $1.16 for 4.64%, $1.18 for 4.72%, and $1.23 for 4.92%. For Class A Preferred Stock, the dividend is $.3125 per share at a 5.00% rate. Payment will occur on October 1, 2020, to shareholders of record on September 16, 2020. Alabama Power serves over 1.4 million customers with electricity prices below the national average.

Positive

• Quarterly dividends declared for preferred stock, demonstrating financial stability.
• Annual dividend yields range from 4.20% to 5.00%, providing income to shareholders.

Negative

• None.

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News Market Reaction – SO

In the trading session that priced this news, SO declined 1.23%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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BIRMINGHAM, Ala., July 15, 2020 /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 September 30, 2020, payable October 1, 2020, to shareholders of record on September 16, 2020.

Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers at a total retail price that has been below the national average for decades. Learn more at www.alabamapower.com.

View original content:http://www.prnewswire.com/news-releases/alabama-power-dividends-declared-301094141.html

SOURCE Alabama Power Company

FAQ

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

What are the declared dividends for Southern Company (SO) from Alabama Power?

Alabama Power declared dividends of $1.05 to $1.23 per share for preferred stock and $.3125 for Class A Preferred Stock.

When will the dividends for Southern Company (SO) be paid?

Dividends will be paid on October 1, 2020.

What is the record date for the Alabama Power dividends?

The record date for the dividends is September 16, 2020.

What is the yield for Alabama Power's Class A Preferred Stock?

The yield for Class A Preferred Stock is 5.00%, with a dividend of $.3125 per share.