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The Southern Company (SO)
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SO Dividends

The Southern Company (SO) pays $2.98 in dividends per share, with a current dividend yield of 3.17%. The company has dividend history for 25 consecutive years.

SO Dividend Summary

Consecutive Years

25

Most Recent Ex-Date

May 18, 2026

Most Recent Payment

Jun 8, 2026

SO Dividends per Share (Nominal History)

View full nominal table list

This step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.

SO Dividends CAGR Chart

The Southern Company (SO)

Annual Dividend History

YearDividend/ShareYoY Growth
2026(YTD)$1.50
2025$2.94+2.80%
2024$2.86+2.88%
2023$2.78+2.96%
2022$2.70+3.05%
2021$2.62+3.15%
2020$2.54+3.25%
2019$2.46+3.36%
2018$2.38+3.48%
2017$2.30+3.49%
2016$2.22+3.25%
2015$2.15+3.36%
2014$2.08+3.48%
2013$2.01+3.60%
2012$1.94+3.74%
2011$1.87+3.88%
2010$1.80+4.04%
2009$1.73+4.21%
2008$1.66+4.23%
2007$1.60+3.91%

Quarterly Dividend History

QuarterDividend/ShareYoY Growth
Q2 2026$0.76+2.70%
Q1 2026$0.74+2.78%
Q4 2025$0.74+2.78%
Q3 2025$0.74+2.78%
Q2 2025$0.74+2.78%
Q1 2025$0.72+2.86%
Q4 2024$0.72+2.86%
Q3 2024$0.72+2.86%
Q2 2024$0.72+2.86%
Q1 2024$0.70+2.94%
Q4 2023$0.70+2.94%
Q3 2023$0.70+2.94%
Q2 2023$0.70+2.94%
Q1 2023$0.68+3.03%
Q4 2022$0.68+3.03%
Q3 2022$0.68+3.03%
Q2 2022$0.68+3.03%
Q1 2022$0.66+3.13%
Q4 2021$0.66+3.13%
Q3 2021$0.66+3.13%
Q2 2021$0.66+3.13%
Q1 2021$0.64+3.23%
Q4 2020$0.64+3.23%
Q3 2020$0.64+3.23%

Dividend Yield Metrics

Current Yield
3.17%
Average Yield (TTM)
3.17%
Average Yield (3Y)
3.04%
Forward Yield on Cost (3Y)
3.56%
Forward Yield on Cost (5Y)
3.84%
Forward Yield on Cost (10Y)
4.65%

Payout Ratio Analysis

Payout Ratio (Current)
75.63%
FCF Payout Ratio
N/A
Payout Ratio (3Y Avg)
74.05%
Payout Ratio (5Y Avg)
84.08%
FCF Payout (3Y Avg)
850.81%
FCF Payout (5Y Avg)
670.95%

Dividend Coverage

Payout Ratio
75.6%
Dividends / net income
FCF Payout Ratio
N/A
Dividends / free cash flow
Consecutive Years
25 years
Years with regular dividend payments
5Y Dividend Growth
3.0%
Compound annual dividend growth

About The Southern Company

The Southern Company operates as an energy utility, primarily involved in the production, transmission, and distribution of electricity. Its operations are segmented into Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also undertakes the development, construction, acquisition, ownership, and management of various power generation assets, including renewable energy ventures, and supplies electricity to the wholesale market. Complementing its power business, it distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, while also offering gas marketing services, wholesale gas services, and managing gas pipeline investments. Its extensive portfolio of generating assets includes 30 hydroelectric, 24 fossil fuel, three nuclear, 13 combined cycle/cogeneration, 45 solar, 15 wind, one fuel cell, and four battery storage facilities. In terms of natural gas infrastructure, the company builds, operates, and maintains 76,289 miles of pipelines and 14 storage facilities with a total capacity of 157 billion cubic feet, delivering natural gas to residential, commercial, and industrial clients. The Southern Company serves approximately 8.7 million electric and gas utility customers in total. Furthermore, it provides digital wireless communications and fiber optics services. The company was founded in 1945 and maintains its corporate headquarters in Atlanta, Georgia.

Atlanta, GA
28,314 employees
Utilities / Regulated Electric
Sector
Utilities
Industry
Regulated Electric
CEO
Christopher C. Womack