Southern Company Increases Quarterly Dividend From $0.70 To $0.72 Per Share; Annualized Rate Rises To $2.88 Per Share
Portfolio Pulse from Benzinga Newsdesk
Southern Company announced an increase in its quarterly dividend from $0.70 to $0.72 per share, with an annualized rate now at $2.88 per share. This marks the 76th consecutive year of paying dividends equal to or greater than the previous quarter and the 23rd consecutive year of dividend increases. The next dividend is payable on June 6, 2024, to shareholders of record as of May 20, 2024. CEO Christoper C. Womack highlighted the company's commitment to providing value through regular, predictable, and sustainable dividend growth.
April 22, 2024 | 3:49 pm
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POSITIVE IMPACT
Southern Company increases its quarterly dividend to $0.72 per share, with an annualized rate of $2.88, continuing its long history of dividend growth.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. Southern Company's consistent history of dividend growth further reinforces this positive outlook, likely leading to a favorable short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100