The Southern Company (NYSE:SO) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.64 per share is scheduled to be paid on December 7, 2020. The dividend yield based on the latest trading day closing price was 4.01 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 13, 2020.
Dividends History
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The Southern Company recently reported second quarter financial results on July 30, 2020, before market open, the Atlanta based company came out with income for the second quarter of $ 0.78 per share, from the revenue of $ 4,620.00 million. The quarterly earnings contracted 2.50 percent while revenues down 9.38 percent compared with the same quarter last year.
According to street consensus, SO was expected to report 2Q20 income of $ 0.67 per share from revenue of $ 4907.07 million. The bottom line results beat street analysts by $ 0.11 or 16.42 percent, at the same time, top line results fell short of analysts by $ 287.07 million or 5.85 percent.
Stock Performance
Shares of The Southern Company traded low $ -0.25 or -0.39 percent on Wednesday, reaching $ 63.92 with volume of 3.42 million shares. The Southern Company has traded high as $ 64.58 and has cracked $ 63.73 on the downward trend
The closing price of $ 63.92, representing a 52.93 % increase from the 52 week low of $ 41.96 and a 9.75 % decrease over the 52 week high of $ 71.10.
The company has a market capital of $ 67.51 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.
