Markets

Southern Company's 5.00% Class A Preferred Stock About To Put More Money In Your Pocket

On 9/13/19, Southern Company's 5.00% Class A Preferred Stock (Symbol: ALP.PRQ) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 10/1/19. As a percentage of ALP.PRQ's recent share price of $26.61, this dividend works out to approximately 1.17%, so look for shares of ALP.PRQ to trade 1.17% lower — all else being equal — when ALP.PRQ shares open for trading on 9/13/19. On an annualized basis, the current yield is approximately 4.65%, which compares to an average yield of 5.85% in the "Utilities" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of ALP.PRQ shares, versus SO:

Performance Comparison Chart

Below is a dividend history chart for ALP.PRQ, showing historical dividends prior to the most recent $0.3125 on Southern Company's 5.00% Class A Preferred Stock:

ALP.PRQ+Dividend+History+Chart

In Wednesday trading, Southern Company's 5.00% Class A Preferred Stock (Symbol: ALP.PRQ) is currently down about 0.3% on the day, while the common shares (Symbol: SO) are up about 0.7%.

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.

In This Story

ALP.PRQ SO

Other Topics

Stocks Fixed Income

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More