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:
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:
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.
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