Alabama Power Dividend Declared

Rhea-AI Summary

The board of directors of Alabama Power has declared a quarterly dividend of $.3125 per share on its Class A Preferred Stock, reflecting a 5.00% yield, for the quarter ending September 30, 2022. This dividend will be payable on October 1, 2022, to shareholders of record as of September 16, 2022. Alabama Power, a Southern Company subsidiary, serves 1.5 million customers in Alabama, providing reliable and affordable electricity.

Positive

• Quarterly dividend of $.3125 per share declared.
• 5.00% yield on Class A Preferred Stock.
• Positive signaling of financial health and shareholder value.

Negative

• None.

BIRMINGHAM, Ala., July 13, 2022 /PRNewswire/ --The board of directors of Alabama Power Company has declared a regular quarterly dividend on the company's outstanding preferred stock as follows:

Class A Preferred Stock

($25 Capital Value)

5.00% - $.3125 per share

This dividend is for the quarter ending September 30, 2022, payable October 1, 2022, to shareholders of record on September 16, 2022.

About Alabama Power

Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to 1.5 million customers across the state. Learn more at www.alabamapower.com.

View original content:https://www.prnewswire.com/news-releases/alabama-power-dividend-declared-301586216.html

SOURCE Alabama Power Company

FAQ

What is the dividend amount declared by Alabama Power?

Alabama Power declared a dividend of $.3125 per share on its Class A Preferred Stock.

When will the Alabama Power dividend be paid?

The dividend will be payable on October 1, 2022.

What is the record date for the Alabama Power dividend?

The record date for the dividend is September 16, 2022.

What is the yield on Alabama Power's Class A Preferred Stock?

The yield on Alabama Power's Class A Preferred Stock is 5.00%.