Southern Stock Price, News & Analysis

Southern Company is set to release its fourth quarter and full-year 2020 earnings on February 18, 2021, at 7:30 a.m. EST. The conference call, featuring Chairman Thomas A. Fanning and CFO Andrew W. Evans, will take place at 1 p.m. EST. This earnings report will provide insights into the company’s performance and future outlook, impacting its 9 million customers across several states. Investors can access the live webcast and a replay at investor.southerncompany.com/webcasts.

Southern Company announced a quarterly dividend of 64 cents per share on its common stock, with payment scheduled for Mar. 8, 2021. Shareholders of record as of Feb. 16, 2021 will receive this payment. This marks over 70 years of consistent quarterly dividends being paid at equal or higher rates than the previous quarter. Southern Company provides energy services to approximately 9 million customers across multiple states, focusing on clean, reliable, and affordable energy solutions.

Georgia Power has received two prestigious awards from the Edison Electric Institute (EEI) for its storm response efforts during the 2020 hurricane season. The company was honored with the Emergency Recovery Award for restoring power after Hurricane Zeta and the Emergency Assistance Award for aiding First Energy following Hurricane Isaias. Damage from Hurricane Zeta included approximately 700 broken power poles and more than 822,000 outages. This marks Georgia Power's ninth Emergency Recovery Award and sixth Emergency Assistance Award, recognizing their commitment to public service during challenging times.

Georgia Power is set to commence the dewatering process at Plant Mitchell's ash ponds in February 2021, an important step towards closure. This initiative will facilitate the removal of approximately two million tons of coal ash for reuse in Portland cement manufacturing, marking a significant environmental advancement in Georgia. The plan adheres to both federal and state regulations, ensuring water quality protection. Georgia Power aims for transparent communication with the community, having installed over 550 monitoring wells to safeguard groundwater quality since 2016.

The board of directors of Alabama Power Company has announced quarterly dividends on its preferred stock for the quarter ending March 31, 2021. The dividends include:

• 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: 5.00% - $0.3125 per share

These dividends will be payable on April 1, 2021, to shareholders of record as of March 17, 2021.

Southern Company and Apple have partnered to launch the Propel Center, a digital learning hub and incubator in Atlanta, Georgia, dedicated to students from historically black colleges and universities (HBCUs). Each company has pledged $25 million towards this initiative, part of a broader $50 million commitment aimed at enhancing opportunities for HBCU students across several states. The Propel Center will provide vital resources, promote innovation, and aim to improve diversity in STEM fields, addressing the underrepresentation of Black and Hispanic professionals.

Georgia Power has announced adjustments to the construction timeline for Plant Vogtle Units 3 and 4 due to increasing COVID-19 cases and related productivity challenges. The project team is evaluating schedules for hot functional testing and fuel load for Unit 3, anticipating shifts in these key milestones. Despite these delays, Georgia Power remains committed to meeting the November 2021 and 2022 in-service dates. The company will provide further updates during the Southern Company's earnings call in February 2021.

Southern Company has launched a Sustainable Financing Framework, marking it as the first large-cap utility in the U.S. to do so. This Framework allows the issuance of sustainable financing instruments to fund projects in renewable energy, energy efficiency, and social initiatives. The inaugural green bond of $400 million was issued by Southern Power on January 8, 2021, contributing to a total of nearly $3.9 billion in green bonds issued by the company. The Framework aligns with various sustainability principles and goals, reinforcing Southern Company's commitment to a net-zero future.