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Cash Dividend On The Way From Southern Company's Series Class A Preferred Stock, Non-Cumulative

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Shutterstock photo

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On 3/11/16, Southern Company's 6 1/8% Series Class A Preferred Stock, Non-Cumulative (Symbol: GPE.PRA) will trade ex-dividend, for its quarterly dividend of $0.3828, payable on 4/1/16. As a percentage of GPE.PRA's recent share price of $29.80, this dividend works out to approximately 1.28%, so look for shares of GPE.PRA to trade 1.28% lower - all else being equal - when GPE.PRA shares open for trading on 3/11/16. On an annualized basis, the current yield is approximately 4.88%, which compares to an average yield of 4.92% in the "Utilities" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GPE.PRA shares, versus SO:

Performance Comparison Chart

Below is a dividend history chart for GPE.PRA, showing historical dividends prior to the most recent $0.3828 on Southern Company's 6 1/8% Series Class A Preferred Stock, Non-Cumulative:

GPE.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Southern Company (Symbol: SO) makes up 7.75% of the Utilities Select Sector SPDR Fund ETF ( XLU ) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, Southern Company's 6 1/8% Series Class A Preferred Stock, Non-Cumulative (Symbol: GPE.PRA) is currently off about 5% on the day, while the common shares (Symbol: SO) are trading flat.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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