Southern Company (SO) Dividend History & Yield
Southern Company (SO) has increased its dividend for 26 consecutive years and currently yields 3.04%. The most recent payment was $0.7400/share on Feb 17, 2026, paid Quarterly.
Current Yield
3.04%
TTM Dividend/Share
$2.96
Payment Frequency
Quarterly
Payout Ratio
69.5%
Consecutive Growth Years
26
Div Growth (1Y CAGR)
2.80%
Div Growth (5Y CAGR)
2.97%
Div Growth (10Y CAGR)
3.17%
Dividend Safety Score
4 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 69.5%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($-3.25) does not fully cover dividend/share ($2.96).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
26 consecutive years of dividend growth.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Feb 17, 2026
- Payment date
- Mar 6, 2026
- Dividend
- $0.7400
- Adj. dividend
- $0.7400
- Yield (ex-date)
- 3.22%
Ex-date Nov 17, 2025
- Payment date
- Dec 8, 2025
- Dividend
- $0.7400
- Adj. dividend
- $0.7400
- Yield (ex-date)
- 3.25%
Ex-date Aug 18, 2025
- Payment date
- Sep 8, 2025
- Dividend
- $0.7400
- Adj. dividend
- $0.7400
- Yield (ex-date)
- 3.14%
Ex-date May 19, 2025
- Payment date
- Jun 6, 2025
- Dividend
- $0.7400
- Adj. dividend
- $0.7400
- Yield (ex-date)
- 3.24%
Ex-date Feb 18, 2025
- Payment date
- Mar 6, 2025
- Dividend
- $0.7200
- Adj. dividend
- $0.7200
- Yield (ex-date)
- 3.35%
Ex-date Nov 18, 2024
- Payment date
- Dec 6, 2024
- Dividend
- $0.7200
- Adj. dividend
- $0.7200
- Yield (ex-date)
- 3.25%
Ex-date Aug 19, 2024
- Payment date
- Sep 6, 2024
- Dividend
- $0.7200
- Adj. dividend
- $0.7200
- Yield (ex-date)
- 3.27%
Ex-date May 17, 2024
- Payment date
- Jun 6, 2024
- Dividend
- $0.7200
- Adj. dividend
- $0.7200
- Yield (ex-date)
- 3.55%
Ex-date Feb 16, 2024
- Payment date
- Mar 6, 2024
- Dividend
- $0.7000
- Adj. dividend
- $0.7000
- Yield (ex-date)
- 4.21%
Ex-date Nov 17, 2023
- Payment date
- Dec 6, 2023
- Dividend
- $0.7000
- Adj. dividend
- $0.7000
- Yield (ex-date)
- 3.98%
Ex-date Aug 18, 2023
- Payment date
- Sep 6, 2023
- Dividend
- $0.7000
- Adj. dividend
- $0.7000
- Yield (ex-date)
- 4.07%
Ex-date May 12, 2023
- Payment date
- Jun 6, 2023
- Dividend
- $0.7000
- Adj. dividend
- $0.7000
- Yield (ex-date)
- 3.74%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Feb 17, 2026 | Mar 6, 2026 | $0.7400 | $0.7400 | 3.22% |
| Nov 17, 2025 | Dec 8, 2025 | $0.7400 | $0.7400 | 3.25% |
| Aug 18, 2025 | Sep 8, 2025 | $0.7400 | $0.7400 | 3.14% |
| May 19, 2025 | Jun 6, 2025 | $0.7400 | $0.7400 | 3.24% |
| Feb 18, 2025 | Mar 6, 2025 | $0.7200 | $0.7200 | 3.35% |
| Nov 18, 2024 | Dec 6, 2024 | $0.7200 | $0.7200 | 3.25% |
| Aug 19, 2024 | Sep 6, 2024 | $0.7200 | $0.7200 | 3.27% |
| May 17, 2024 | Jun 6, 2024 | $0.7200 | $0.7200 | 3.55% |
| Feb 16, 2024 | Mar 6, 2024 | $0.7000 | $0.7000 | 4.21% |
| Nov 17, 2023 | Dec 6, 2023 | $0.7000 | $0.7000 | 3.98% |
| Aug 18, 2023 | Sep 6, 2023 | $0.7000 | $0.7000 | 4.07% |
| May 12, 2023 | Jun 6, 2023 | $0.7000 | $0.7000 | 3.74% |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Southern Company has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 26 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $2.9400 | — | — |
| 2025 | $2.8600 | $2.9400 | +2.8% |
| 2024 | $2.7800 | $2.8600 | +2.9% |
| 2023 | $2.7000 | $2.7800 | +3.0% |
| 2022 | $2.6200 | $2.7000 | +3.1% |
| 2021 | $2.5400 | $2.6200 | +3.1% |
| 2020 | $2.4600 | $2.5400 | +3.3% |
| 2019 | $2.3800 | $2.4600 | +3.4% |
| 2018 | $2.3000 | $2.3800 | +3.5% |
| 2017 | $2.2225 | $2.3000 | +3.5% |
| 2016 | $2.1525 | $2.2225 | +3.3% |
| 2015 | $2.0825 | $2.1525 | +3.4% |
| 2014 | $2.0125 | $2.0825 | +3.5% |
| 2013 | $1.9425 | $2.0125 | +3.6% |
| 2012 | $1.8725 | $1.9425 | +3.7% |
| 2011 | $1.8025 | $1.8725 | +3.9% |
| 2010 | $1.7325 | $1.8025 | +4.0% |
| 2009 | $1.6625 | $1.7325 | +4.2% |
| 2008 | $1.5950 | $1.6625 | +4.2% |
| 2007 | $1.5350 | $1.5950 | +3.9% |
| 2006 | $1.4750 | $1.5350 | +4.1% |
| 2005 | $1.4150 | $1.4750 | +4.2% |
| 2004 | $1.3845 | $1.4150 | +2.2% |
| 2003 | $1.3550 | $1.3845 | +2.2% |
| 2002 | $1.2096 | $1.3550 | +12.0% |
| 2001 | $0.8186 | $1.2096 | +47.8% |
| 2000 | $0.8186 | $0.8186 | 0.0% |
| 1999 | $0.8186 | $0.8186 | 0.0% |
| 1998 | $0.7942 | $0.8186 | +3.1% |
| 1997 | $0.7697 | $0.7942 | +3.2% |
| 1996 | $0.7453 | $0.7697 | +3.3% |
| 1995 | $0.7209 | $0.7453 | +3.4% |
| 1994 | $0.6964 | $0.7209 | +3.5% |
| 1993 | $0.6720 | $0.6964 | +3.6% |
| 1992 | $0.6537 | $0.6720 | +2.8% |
| 1991 | $0.6537 | $0.6537 | 0.0% |
| 1990 | $0.6537 | $0.6537 | 0.0% |
| 1989 | $0.6537 | $0.6537 | 0.0% |
| 1988 | $0.6537 | $0.6537 | 0.0% |
| 1987 | $0.6308 | $0.6537 | +3.6% |
| 1986 | $0.5956 | $0.6308 | +5.9% |
| 1985 | $0.5590 | $0.5956 | +6.6% |
| 1984 | $0.5269 | $0.5590 | +6.1% |
| 1983 | $0.5071 | $0.5269 | +3.9% |
| 1982 | — | $0.5071 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Does Southern Company pay dividends?
- Yes, Southern Company (SO) pays quarterly dividends of approximately $2.96 per share annually, yielding 3.04%.
What is Southern Company's dividend yield?
- Southern Company (SO) has a current dividend yield of 3.04%.
Is Southern Company's dividend safe?
- Southern Company (SO) passes 4 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Southern Company increased its dividend?
- Southern Company (SO) has 26 consecutive years of dividend increases.
What is Southern Company's dividend payout ratio?
- Southern Company (SO) has a dividend payout ratio of 69.5%.