ALABAMA POWER DIVIDENDS DECLARED

Rhea-AI Summary

On April 13, 2022, Alabama Power Company declared quarterly dividends on its preferred stock for the quarter ending June 30, 2022. Shareholders will receive payments of $1.05 to $1.23 per share based on the stock's par value, with a 5.00% dividend of $0.3125 per share for Class A Preferred Stock. Payments are scheduled for July 1, 2022, to shareholders on record by June 16, 2022. Alabama Power, a subsidiary of Southern Company (NYSE:SO), serves 1.5 million customers in Alabama.

Positive

• Quarterly dividends declared for preferred stock, indicating financial stability.
• Dividend payments scheduled for July 1, 2022, providing income to shareholders.
• Continued service to 1.5 million customers, reflecting a robust customer base.

Negative

• None.

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

Preferred Stock

($100 Par Value)

4.20% - $1.05 per share

4.52% - $1.13 per share

4.60% - $1.15 per share

4.64% - $1.16 per share

4.72% - $1.18 per share

4.92% - $1.23 per share

Class A Preferred Stock

($25 Capital Value)

5.00% - $.3125 per share

These dividends are for the quarter ending June 30, 2022, payable July 1, 2022, to shareholders of record on June 16, 2022.

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-dividends-declared-301525125.html

SOURCE Alabama Power Company

FAQ

What is the dividend payment amount for Alabama Power's preferred stock?

Alabama Power's preferred stock dividends range from $1.05 to $1.23 per share.

When will Alabama Power's dividends be paid?

The dividends are payable on July 1, 2022.

What is the record date for Alabama Power's dividend payment?

The record date for Alabama Power's dividend payment is June 16, 2022.

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

The Class A Preferred Stock has a dividend yield of 5.00%, paying $0.3125 per share.