SO Dividend History & Analysis | 3.2% Yield

SO has a dividend yield of 3.2% and paid 2.98 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.21%
Payout Ratio 67.9%
Growth Rate CAGR 5y 2.9%
Consistency Lifetime 100%
Yield on Cost 5y 5.7%
Payout FCF -
Streak Years 5
Dividend Rating 59.9%
Chowder Number yield + growth 6.1% below 12% target for healthy growth
Yield vs Average 5y -6.9% avg 3.45% vs now 3.21%
Debt / EBITDA leverage 5.3x elevated
Income per 10k invested 321 USD per year
Dividends Cash Amount per Share Yearly SO annual dividends paid per share, showing the total cash Southern distributed to shareholders each year.
Dividend Growth Year over Year SO year-over-year dividend growth rate, showing how Southern's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History SO dividend yield history versus share price over the past 5 years, showing how Southern's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Electric Utilities

Top 10 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
CIG NYSE
Companhia Energetica de
6,007 M 10.67% 36.53%
ELPC NYSE
Companhia Paranaense de
8,604 M 8.16% 12.03%
ENGI PA
Engie S.A.
77,756 M 4.87% 17.30%
ENEL MI
Enel
114,754 M 5.81% 8.26%
IRE MI
Iren
3,712 M 5.48% 7.43%
EIX NYSE
Edison International
29,144 M 5.39% 7.56%
A2A MI
A2A S.p.A
8,253 M 4.80% 7.78%
RED MC
Redeia Corporacion S.A.
9,392 M 5.36% 6.59%
NNGF XETRA
National Grid
82,105 M 4.75% 7.59%
TRN MI
Terna Rete Elettrica
23,493 M 4.07% 7.44%
Top 10 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
PCG NYSE
PG&E
37,548 M 127.67% 87.5%
ELPC NYSE
Companhia Paranaense de
8,604 M 115.99% 100.0%
CEG NASDAQ
Constellation Energy
89,768 M 29.85% 100.0%
NEE NYSE
Nextera Energy
182,365 M 10.05% 100.0%
ANA MC
Acciona
15,583 M 8.61% 100.0%
TRN MI
Terna Rete Elettrica
23,493 M 9.06% 100.0%
OTTR NASDAQ
Otter Tail
3,735 M 8.18% 100.0%
NRG NYSE
NRG Energy
29,006 M 7.89% 100.0%
HER MI
Hera S.p.A
6,409 M 7.86% 100.0%
IRE MI
Iren
3,712 M 7.45% 100.0%

SO Dividend History

Dividend Monthly Return EX date, 4.9 years of data

Jan - -
Feb 0.95% 100
Mar - -
Apr - -
May 0.89% 100
Jun - -
Jul - -
Aug 0.91% 100
Sep - -
Oct - -
Nov 0.95% 100
Dec - -

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 20 Payments (USD) as of July 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-05-18 2026-05-18 2026-06-08 Quarterly 0.76 +2.7% 0.82%
2026-02-17 2026-02-17 2026-03-06 Quarterly 0.74 0% 0.78%
2025-11-17 2025-11-17 2025-12-08 Quarterly 0.74 0% 0.82%
2025-08-18 2025-08-18 2025-09-08 Quarterly 0.74 0% 0.79%
2025-05-19 2025-05-19 2025-06-06 Quarterly 0.74 +2.8% 0.84%
2025-02-18 2025-02-18 2025-03-06 Quarterly 0.72 0% 0.85%
2024-11-18 2024-11-18 2024-12-06 Quarterly 0.72 0% 0.83%
2024-08-19 2024-08-19 2024-09-06 Quarterly 0.72 0% 0.83%
2024-05-17 2024-05-20 2024-06-06 Quarterly 0.72 +2.9% 0.92%
2024-02-16 2024-02-20 2024-03-06 Quarterly 0.7 0% 1.06%
2023-11-17 2023-11-20 2023-12-06 Quarterly 0.7 0% 1%
2023-08-18 2023-08-21 2023-09-06 Quarterly 0.7 0% 1.04%
2023-05-12 2023-05-15 2023-06-06 Quarterly 0.7 +2.9% 0.94%
2023-02-17 2023-02-21 2023-03-06 Quarterly 0.68 0% 1.05%
2022-11-18 2022-11-21 2022-12-06 Quarterly 0.68 0% 1.05%
2022-08-12 2022-08-15 2022-09-06 Quarterly 0.68 0% 0.88%
2022-05-13 2022-05-16 2022-06-06 Quarterly 0.68 +3% 0.92%
2022-02-18 2022-02-22 2022-03-07 Quarterly 0.66 0% 1.03%
2021-11-12 2021-11-15 2021-12-06 Quarterly 0.66 0% 1.06%
2021-08-13 2021-08-16 2021-09-07 Quarterly 0.66 0% 1.01%

SO Dividend FAQ

What is the Dividend Yield of SO?

As of July 2026, SO's dividend yield is 3.21%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.98 USD by the current share price of 95.96.

Does SO pay a dividend?

As of July 2026, SO paid a dividend of 2.98 USD in the last 12 months. The last dividend was paid on 2026-05-18 and the payout was 0.76 USD.

How often does SO pay dividends?

SO pays dividends quarterly. Over the last 12 months, SO has issued 4 dividend payments. The last dividend payment was made on 2026-05-18.

SO dividend forecast

Based on historical data, the forecasted dividends per share for SO for the next payments are between 0.759 (-0.1%) and 0.771 (+1.4%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 3.18%.

Will SO pay dividends in 2026?

The latest dividend paid per share was 0.76 USD with an Ex-Dividend Date of 2026-05-18. The next Ex-Dividend date for Southern (SO) is currently unknown.

What is the next Ex-Dividend Date for SO?

The next Ex-Dividend date for Southern (SO) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of SO?

SO's average dividend growth rate over the past 5 years is 2.87% per year. Strong growth: SO's dividend growth is outpacing inflation.

What is the Yield on Cost of SO?

SO's 5-Year Yield on Cost is 5.68%. If you bought SO's shares at 52.48 USD five years ago, your current annual dividend income (2.98 USD per share, trailing 12 months) equals 5.68% of your original purchase price.

What is the Payout Consistency of SO?

SO Payout Consistency is 100.0%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: Southern has a strong track record of consistent dividend payments over its lifetime.

Does SO have a good Dividend Yield?

SO's 3.21% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of SO?

The Dividend Payout Ratio of SO is 67.9%. Moderate - Typically an acceptable payout ratio.

What is the Dividend Rating of SO?

SO's Overall Dividend Rating is 59.88%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

SO Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in SO's Outstanding Shares?

Southern's outstanding shares have increased by approximately 1.18% annually over the past 3 years (Trend Reliability: 78.1%). Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has SO ever had a Stock Split?

Yes, the last stock split was on Apr 3, 2001 with a ratio of 10000:6109. This was a forward split: Each share became 1.64 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1985 490,436,700 0%
1986 526,191,300 +7.29%
1987 581,261,000 +10.47%
1988 624,816,400 +7.49%
1989 500,887,200 -19.83%
1990 504,881,600 +0.8%
1991 568,631,900 +12.63%
1992 576,282,100 +1.35%
1993 640,926,700 +11.22%
1994 658,261,900 +2.7%
1995 665,246,300 +1.06%
1996 675,195,700 +1.5%
1997 683,136,400 +1.18%
1998 697,148,600 +2.05%
1999 669,567,000 -3.96%
2000 669,484,000 -0.01%
2001 700,149,000 +4.58%
2002 719,445,500 +2.76%
2003 736,801,500 +2.41%
2004 745,836,000 +1.23%
2005 748,019,500 +0.29%
2006 751,676,000 +0.49%
2007 765,661,000 +1.86%
2008 775,951,500 +1.34%
2009 809,000,000 +4.26%
2010 840,666,700 +3.91%
2011 859,464,100 +2.24%
2012 868,000,000 +0.99%
2013 887,300,000 +2.22%
2014 908,300,000 +2.37%
2015 911,600,000 +0.36%
2016 990,200,000 +8.62%
2017 1,007,603,100 +1.76%
2018 1,033,788,000 +2.6%
2019 1,053,000,000 +1.86%
2020 1,058,000,000 +0.47%
2021 1,062,000,000 +0.38%
2022 1,090,000,000 +2.64%
2023 1,098,500,000 +0.78%
2024 1,112,500,000 +1.27%
2025 1,109,000,000 -0.31%
2026 1,128,000,000 +1.71%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-07-05 02:06 UTC