ATLANTA, April 20, 2015 /PRNewswire/
-- Southern Company said today it is increasing
its dividend by 7 cents per share on
an annualized basis to a rate of $2.17 per share.
The increase marks the 14th straight year that Southern
Company has raised the dividend on its common stock.
Southern Company also announced today a regular quarterly
dividend -- including an increase of 1.75 cents per share over the prior
quarter -- of 54.25 cents per
share, payable June 6, 2015, to
shareholders of record as of May 18,
2015. This marks 270
consecutive quarters -- dating back to 1948 -- that
Southern Company will have paid a dividend to its
shareholders.
"Southern Company's customer-focused business model has
been the foundation of our success for more than a century," said
Southern Company Chairman, President and CEO Thomas A. Fanning. "Our long-standing commitment
to best meeting the energy needs of the families we are privileged
to serve has enabled us to provide value for customers and
shareholders alike."
With more than 4.5 million customers and approximately
46,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO) is
the premier energy company serving the Southeast through its
subsidiaries. A leading U.S. producer of clean, safe, reliable and
affordable electricity, Southern Company owns electric utilities in
four states and a growing competitive generation company, as well
as fiber optics and wireless communications. Southern Company
brands are known for energy innovation, excellent customer service,
high reliability and retail electric prices that are below the
national average. Southern Company and its subsidiaries are leading
the nation's nuclear renaissance through the construction of the
first new nuclear units to be built in a generation of Americans
and are demonstrating their commitment to energy innovation through
the development of a state-of-the-art coal gasification plant.
Southern Company has been recognized by the U.S. Department of
Defense and G.I. Jobs magazine as a
top military employer, listed by DiversityInc as a top company for
Blacks and designated a 2014 Top Employer for Hispanics by Hispanic
Network. The company received the Edison Award from the Edison
Electric Institute for its leadership in new nuclear development,
was named Electric Light & Power magazine's Utility of the Year
for 2012 and is continually ranked among the top utilities in
Fortune's annual World's Most Admired Electric and Gas
Utility rankings. Visit our website at
www.southerncompany.com.
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SOURCE Southern Company