The Southern Company

The Southern Company

SOยทNYSE

$91.62

+1.2%
UtilitiesRegulated Electric

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects 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. In addition, it owns and/or operates 30 hydroelectric generating stations, 24 fossil fuel generating stations, three nuclear generating stations, 13 combined cycle/cogeneration stations, 45 solar facilities, 15 wind facilities, one fuel cell facility, and four battery storage facility; and constructs, operates, and maintains 76,289 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.7 million electric and gas utility customers. Further, the company offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.

At a Glance

Live Snapshot
Market Cap$103.28B
EPS3.9400
P/E Ratio23.25
Earnings Date07/30/2026
0.72%
Dividend Yield
-10%
3Y-27.0%
5Y-30.0%
10Y-31.0%
57.23%
Dividend Payout Ratio
-69%
3Y-34.0%
5Y-4.0%
10Y-31.0%
3Y+5.0%
5Y+14.0%
10Y+48.0%
The Southern Company

The Southern Company Dividend History

SO ยท NYSE
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%

SO Dividend Payment History

SO ยท NYSE

Total Payments

50

Latest Dividend

$0.7600

Annual Amount

$3.7200

Frequency

Quarterly

DeclarationEx-DatePayment DateDividendAdjustedFrequencyGrowth
Apr 20, 2026
May 18, 2026Jun 8, 2026
$0.7600
$0.7600
Quarterly+2.70%
Jan 28, 2026
Feb 17, 2026Mar 6, 2026
$0.7400
$0.7400
Quarterly0.00%
Oct 20, 2025
Nov 17, 2025Dec 8, 2025
$0.7400
$0.7400
Quarterly0.00%
Jul 21, 2025
Aug 18, 2025Sep 8, 2025
$0.7400
$0.7400
Quarterly0.00%
Apr 21, 2025
May 19, 2025Jun 6, 2025
$0.7400
$0.7400
Quarterly+2.78%
Jan 28, 2025
Feb 18, 2025Mar 6, 2025
$0.7200
$0.7200
Quarterly0.00%
Oct 15, 2024
Nov 18, 2024Dec 6, 2024
$0.7200
$0.7200
Quarterly0.00%
Jul 15, 2024
Aug 19, 2024Sep 6, 2024
$0.7200
$0.7200
Quarterly0.00%
Apr 22, 2024
May 20, 2024Jun 6, 2024
$0.7200
$0.7200
Quarterly+2.86%
Jan 18, 2024
Feb 20, 2024Mar 6, 2024
$0.7000
$0.7000
Quarterly0.00%
Oct 16, 2023
Nov 20, 2023Dec 6, 2023
$0.7000
$0.7000
Quarterly0.00%
Jul 17, 2023
Aug 21, 2023Sep 6, 2023
$0.7000
$0.7000
Quarterly0.00%
Apr 17, 2023
May 15, 2023Jun 6, 2023
$0.7000
$0.7000
Quarterly+2.94%
Jan 20, 2023
Feb 21, 2023Mar 6, 2023
$0.6800
$0.6800
Quarterly0.00%
Oct 18, 2022
Nov 21, 2022Dec 6, 2022
$0.6800
$0.6800
Quarterly0.00%
Jul 18, 2022
Aug 15, 2022Sep 6, 2022
$0.6800
$0.6800
Quarterly0.00%
Apr 19, 2022
May 16, 2022Jun 6, 2022
$0.6800
$0.6800
Quarterly+3.03%
Jan 14, 2022
Feb 22, 2022Mar 7, 2022
$0.6600
$0.6600
Quarterly0.00%
Oct 18, 2021
Nov 15, 2021Dec 6, 2021
$0.6600
$0.6600
Quarterly0.00%
Jul 19, 2021
Aug 16, 2021Sep 7, 2021
$0.6600
$0.6600
Quarterly0.00%
Apr 19, 2021
May 17, 2021Jun 7, 2021
$0.6600
$0.6600
Quarterly+3.13%
Jan 15, 2021
Feb 16, 2021Mar 8, 2021
$0.6400
$0.6400
Quarterly0.00%
Oct 19, 2020
Nov 16, 2020Dec 7, 2020
$0.6400
$0.6400
Quarterly0.00%
Jul 20, 2020
Aug 17, 2020Sep 8, 2020
$0.6400
$0.6400
Quarterly0.00%
Apr 20, 2020
May 18, 2020Jun 8, 2020
$0.6400
$0.6400
Quarterly+3.23%
Jan 17, 2020
Feb 18, 2020Mar 6, 2020
$0.6200
$0.6200
Quarterly0.00%
Oct 21, 2019
Nov 18, 2019Dec 6, 2019
$0.6200
$0.6200
Quarterly0.00%
Jul 15, 2019
Aug 19, 2019Sep 6, 2019
$0.6200
$0.6200
Quarterly0.00%
Apr 15, 2019
May 20, 2019Jun 6, 2019
$0.6200
$0.6200
Quarterly+3.33%
Jan 17, 2019
Feb 19, 2019Mar 6, 2019
$0.6000
$0.6000
Quarterly0.00%
Oct 15, 2018
Nov 19, 2018Dec 6, 2018
$0.6000
$0.6000
Quarterly0.00%
Jul 16, 2018
Aug 20, 2018Sep 6, 2018
$0.6000
$0.6000
Quarterly0.00%
Apr 16, 2018
May 21, 2018Jun 6, 2018
$0.6000
$0.6000
Quarterly+3.45%
Jan 19, 2018
Feb 20, 2018Mar 6, 2018
$0.5800
$0.5800
Quarterly0.00%
Oct 16, 2017
Nov 20, 2017Dec 6, 2017
$0.5800
$0.5800
Quarterly0.00%
Jul 18, 2017
Aug 21, 2017Sep 6, 2017
$0.5800
$0.5800
Quarterly0.00%
Apr 17, 2017
May 15, 2017Jun 6, 2017
$0.5800
$0.5800
Quarterly+3.57%
Jan 17, 2017
Feb 21, 2017Mar 6, 2017
$0.5600
$0.5600
Quarterly0.00%
Oct 17, 2016
Nov 21, 2016Dec 6, 2016
$0.5600
$0.5600
Quarterly0.00%
Jul 18, 2016
Aug 15, 2016Sep 6, 2016
$0.5600
$0.5600
Quarterly0.00%
Apr 19, 2016
May 16, 2016Jun 6, 2016
$0.5600
$0.5600
Quarterly+3.32%
Jan 14, 2016
Feb 16, 2016Mar 7, 2016
$0.5420
$0.5420
Quarterly0.00%
Oct 19, 2015
Nov 16, 2015Dec 4, 2015
$0.5420
$0.5420
Quarterly0.00%
Jul 20, 2015
Aug 17, 2015Sep 5, 2015
$0.5420
$0.5420
Quarterly0.00%
Apr 20, 2015
May 18, 2015Jun 6, 2015
$0.5420
$0.5420
Quarterly+3.24%
Jan 16, 2015
Feb 17, 2015Mar 6, 2015
$0.5250
$0.5250
Quarterly0.00%
Oct 20, 2014
Nov 3, 2014Dec 6, 2014
$0.5250
$0.5250
Quarterly0.00%
Jul 21, 2014
Aug 4, 2014Sep 6, 2014
$0.5250
$0.5250
Quarterly0.00%
Apr 21, 2014
May 5, 2014Jun 6, 2014
$0.5250
$0.5250
Quarterly+3.35%
Jan 17, 2014
Feb 3, 2014Mar 6, 2014
$0.5080
$0.5080
Quarterly-
so

The Southern Company Payout Ratio Analysis

SO ยท NYSE
Dividends Paid
-3.02B
2025
Net Income
4.34B
2025
Payout Ratio
69.45%
2025

Dividend Sustainability Analysis

Payout Ratio
69.45%

Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.

FCF Payout Ratio
-84.0%

Negative free cash flow while paying dividends is a major red flag. Company burning cash and cannot sustain dividend without external financing.

Dividend Growth
-2.1%

Dividend cut is concerning. Investigate whether due to one-time factors or fundamental business deterioration. Reassess dividend sustainability.

Sustainability
Fair

Dividend sustainability questionable. Monitor closely for signs of stress. Consider whether yield justifies the risk.