Southern Company (SO) Dividend
Southern Company (SO) currently pays a dividend yield of 3.64%, distributing $3.04 per share annually ($0.76 per quarter). The company operates in the Utilities sector.
SO has raised its dividend for 25 consecutive years.
SO dividend at a glance
| Dividend Yield | 3.64% |
|---|---|
| Annual Dividend | $3.04 per share |
| Per Payment | $0.76 |
| Payout Frequency | Quarterly |
| Payments per Year | 4 |
| Next Ex-Dividend Date | November 17, 2026 |
| Next Payment Date | December 9, 2026 |
| Payout Ratio | 72% |
| Consecutive Years of Dividend Growth | 25 |
| Sector | Utilities |
| Implied Share Price (from yield) | $83.52 |
What SO pays on a $10,000 investment
At a 3.64% yield, $10,000 invested in SO generates about $364.00 per year, or roughly $91.00 every quarter. Share counts below use an implied price of $83.52, derived from the $3.04 annual dividend and the 3.64% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Quarter |
|---|---|---|---|
| $1,000 | 12 | $36.40 | $9.10 |
| $5,000 | 59.9 | $182.00 | $45.50 |
| $10,000 | 119.7 | $364.00 | $91.00 |
| $25,000 | 299.3 | $910.00 | $227.50 |
| $100,000 | 1,197.4 | $3,640.00 | $910.00 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each quarter — see how the dividend snowball compounds.
SO dividend payment schedule
SO pays on a quarterly schedule — 4 payments a year. The next confirmed ex-dividend date is November 17, 2026, with payment on December 9, 2026. Later rows are projected forward at the same interval and will shift when Southern Company declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| November 17, 2026 | December 9, 2026 | $0.76 | Confirmed |
| February 17, 2027 | March 11, 2027 | $0.76 | Projected |
| May 17, 2027 | June 8, 2027 | $0.76 | Projected |
| August 17, 2027 | September 8, 2027 | $0.76 | Projected |
To collect a SO dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How SO's dividend compares
Across the 714 dividend stocks and ETFs DivTrkr tracks, the median yield is 4.23%. SO's 3.64% is 0.59 percentage points below that median, ranking 383rd of 714 by yield.
Within Utilities, where we track 28 names, the median yield is 3.40% — putting SO above its sector.
Its 25-year run of dividend increases ranks 57th out of the 363 names in our data with an active growth streak.
What the numbers mean
SO pays out roughly 72% of its earnings as dividends. That is on the higher side — still common for utilities and consumer staples, but it leaves less cushion if earnings dip.
Like most US dividend payers, SO distributes quarterly, so a full year of ownership produces four payments.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
SO dividend FAQ
When is the next SO ex-dividend date?
The next SO ex-dividend date is November 17, 2026, with the payment scheduled for December 9, 2026. You must own shares before the ex-dividend date to receive that payment.
What is SO's dividend yield?
SO currently yields 3.64%, based on $3.04 in dividends per share over the past year.
How often does SO pay dividends?
SO pays quarterly, which works out to 4 payments per year of about $0.76 per share.
How much dividend income would $10,000 of SO generate?
At the current 3.64% yield, $10,000 invested in SO would produce roughly $364.00 per year, or about $91.00 per quarter, before taxes and assuming the dividend holds.
Has SO increased its dividend?
Yes — SO has raised its dividend for 25 consecutive years.
SO dividend history
DivTrkr holds 178 recorded SO dividend payments going back to 1982, with 25 consecutive complete years of increases and +2.9% a year of growth over the last five complete years. See the full SO dividend history — every payment, annual totals and growth by year.
Related dividend stocks
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- D — Dominion Energy dividend (4.40%)
- FE — FirstEnergy Corp dividend (4.29%)
- NWN — Northwest Natural Holding Company dividend (4.23%)
- PNW — Pinnacle West Capital dividend (3.85%)
- DUK — Duke Energy dividend (3.82%)
Similar yields to SO
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Track SO dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.