Alabama Power Dividends Declared

Rhea-AI Summary

Alabama Power Company has declared its regular quarterly dividends on outstanding preferred stock. For the quarter ending December 31, 2020, dividends amount to:

• 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 (5.00%) - $.3125 per share

Dividends are payable on January 1, 2021, to shareholders of record on December 17, 2020. Alabama Power is a subsidiary of Southern Company (NYSE: SO), serving over 1.4 million customers.

Positive

• Regular quarterly dividends declared, offering reliable income for shareholders.
• Dividend yield for preferred stock ranging from 4.20% to 4.92% indicates strong return potential.
• Class A Preferred stock dividend of 5.00% provides additional income opportunity.

Negative

• None.

BIRMINGHAM, Ala., Oct. 14, 2020 /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 December 31, 2020, payable January 1, 2021, to shareholders of record on December 17, 2020.

Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE:SO), provides reliable, affordable electricity to more than 1.4 million customers across the state. Learn more at www.alabamapower.com.

View original content:http://www.prnewswire.com/news-releases/alabama-power-dividends-declared-301152365.html

SOURCE Alabama Power Company

FAQ

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

The dividends range from $1.05 to $1.23 per share for the preferred stock.

When is the dividend payable for Alabama Power?

The dividends are payable on January 1, 2021.

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

The record date for the dividend payments is December 17, 2020.

How often does Alabama Power declare dividends?

Alabama Power declares dividends quarterly.

What is the dividend rate for Class A Preferred stock?

The dividend for Class A Preferred stock is $.3125 per share.