Southern Co (NYSE:SO) declared a quarterly dividend on Monday, July 15th, RTT News reports. Stockholders of record on Monday, August 19th will be paid a dividend of 0.62 per share by the utilities provider on Friday, September 6th. This represents a $2.48 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Friday, August 16th.

Southern has raised its dividend by an average of 3.4% per year over the last three years and has raised its dividend annually for the last 17 consecutive years. Southern has a payout ratio of 83.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Southern to earn $3.16 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 78.5%.

Shares of SO stock opened at $57.20 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.76 and a debt-to-equity ratio of 1.33. Southern has a one year low of $42.50 and a one year high of $58.78. The stock’s 50-day moving average is $56.22. The company has a market capitalization of $60.68 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 4.28 and a beta of 0.18.

Southern (NYSE:SO) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. Southern had a net margin of 20.18% and a return on equity of 10.04%. Southern’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. On average, equities research analysts expect that Southern will post 3.03 earnings per share for the current fiscal year.

Several research firms recently weighed in on SO. Barclays reiterated a “hold” rating and set a $57.00 price objective on shares of Southern in a research note on Wednesday, June 19th. Credit Suisse Group set a $51.00 price objective on shares of Southern and gave the stock a “sell” rating in a research note on Monday, April 22nd. Evercore ISI upgraded shares of Southern from an “in-line” rating to an “outperform” rating in a research note on Friday, May 3rd. ValuEngine lowered shares of Southern from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Bank of America dropped their price objective on shares of Southern from $61.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.10.

In other Southern news, CEO Stephen E. Kuczynski sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $53.50, for a total value of $107,000.00. Following the sale, the chief executive officer now owns 75,772 shares in the company, valued at $4,053,802. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ann P. Daiss sold 3,786 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $54.42, for a total transaction of $206,034.12. Following the completion of the sale, the insider now owns 13,798 shares in the company, valued at approximately $750,887.16. The disclosure for this sale can be found here. Insiders sold 769,547 shares of company stock worth $42,411,331 in the last 90 days. 0.88% of the stock is owned by company insiders.

Southern Company Profile

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.

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Dividend History for Southern (NYSE:SO)

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