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, 2021, payable on October 1, 2021.

Rhea-AI Summary

The board of directors of Alabama Power Company has declared quarterly dividends on preferred stock for the quarter ending September 30, 2021, payable on October 1, 2021. The declared dividends include: 4.20% at $1.05, 4.52% at $1.13, 4.60% at $1.15, 4.64% at $1.16, 4.72% at $1.18, and 4.92% at $1.23 per share for preferred stock, and 5.00% at $0.3125 per share for Class A preferred stock. Shareholders of record on September 16, 2021, will receive these payments.

Positive

• Quarterly dividends declared providing income for preferred shareholders.
• Total of six preferred stock dividends and one Class A preferred stock dividend announced, reflecting consistent income generation.

Negative

• None.

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In the trading session that priced this news, SO gained 0.90%, reflecting a mild positive market reaction.

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BIRMINGHAM, Ala., July 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 September 30, 2021, payable October 1, 2021, to shareholders of record on September 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:https://www.prnewswire.com/news-releases/alabama-power-dividends-declared-301333844.html

SOURCE Alabama Power Company

FAQ

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

What is the dividend amount for Alabama Power's preferred stock?

The dividends declared include: 4.20% at $1.05, 4.52% at $1.13, 4.60% at $1.15, 4.64% at $1.16, 4.72% at $1.18, and 4.92% at $1.23 per share.

When is the payment date for Alabama Power's declared dividends?

The dividends are payable on October 1, 2021.

Who will receive Alabama Power's dividends?

Shareholders of record on September 16, 2021, will receive the dividends.

What is the dividend for Class A preferred stock?

The Class A preferred stock dividend is 5.00% at $0.3125 per share.