On 9/12/14, Southern Company's 5.20% Class A Preferred Stock (Symbol: ALP.PRN) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 10/1/14. As a percentage of ALP.PRN's recent share price of $25.51, this dividend works out to approximately 1.27%, so look for shares of ALP.PRN to trade 1.27% lower - all else being equal - when ALP.PRN shares open for trading on 9/12/14. On an annualized basis, the current yield is approximately 5.09%, which compares to an average yield of 4.84% in the "Utilities" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of ALP.PRN shares, versus SO:
Below is a dividend history chart for ALP.PRN, showing historical dividends prior to the most recent $0.325 on Southern Company's 5.20% Class A Preferred Stock:
According to the ETF Finder at ETF Channel, Southern Company (Symbol: SO) makes up 7.11% of the Utilities Select Sector SPDR Fund ETF ( XLU ) which is trading lower by about 0.5% on the day Wednesday.
In Wednesday trading, Southern Company's 5.20% Class A Preferred Stock (Symbol: ALP.PRN) is currently down about 0.2% on the day, while the common shares (Symbol: SO) are off about 0.6%.