ALABAMA POWER DIVIDENDS DECLARED

Rhea-AI Summary

BIRMINGHAM, Ala., Jan. 12, 2022 /PRNewswire/ -- Alabama Power Company announced quarterly dividends for its preferred stocks. The dividends include:

• 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

The dividends are for the quarter ending March 31, 2022, payable on April 1, 2022, to shareholders of record on March 17, 2022.

Positive

• Regular dividend payments enhance shareholder income.
• Confidence in financial stability reflected through declared dividends.

Negative

• None.

BIRMINGHAM, Ala., Jan. 12, 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 March 31, 2022, payable April 1, 2022, to shareholders of record on March 17, 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-301459635.html

SOURCE Alabama Power Company

FAQ

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

The dividends range from $1.05 to $1.23 per share, depending on the preferred stock class.

When is the dividend payment date for Alabama Power?

The dividends are payable on April 1, 2022.

Who are the shareholders of record for the Alabama Power dividend?

Shareholders of record on March 17, 2022, will receive the dividends.

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 $.3125 per share.