Southern Co (Southern Co) Dividend Payout Ratio : 0.98 (As of Dec. 2023)

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What is Southern Co Dividend Payout Ratio?

Southern Co's dividend payout ratio for the months ended in Dec. 2023 was 0.98.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Southern Co is 0.83, which seems too high.

The historical rank and industry rank for Southern Co's Dividend Payout Ratio or its related term are showing as below:

SO' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.82 Med: 0.91 Max: 3.44
Current: 0.83

During the past 13 years, the highest Dividend Payout Ratio of Southern Co was 3.44. The lowest was 0.82. And the median was 0.91.

SO's Dividend Payout Ratio is ranked worse than
80.6% of 366 companies
in the Utilities - Regulated industry
Industry Median: 0.525 vs SO: 0.83

As of today (2024-04-25), the Dividend Yield % of Southern Co is 3.78%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Southern Co was 5.43%. The lowest was 3.32%. And the median was 4.39%.

Southern Co's Dividends per Share for the months ended in Dec. 2023 was $0.70.

During the past 12 months, Southern Co's average Dividends Per Share Growth Rate was 3.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Southern Co was 4.20% per year. The lowest was 0.40% per year. And the median was 3.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Southern Co Dividend Payout Ratio Historical Data

The historical data trend for Southern Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Southern Co Dividend Payout Ratio Chart

Southern Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

Get a 7-Day Free Trial

0.89

0.87

1.26

0.82

Southern Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															11.93	0.97	1.00	0.57	0.98

Competitive Comparison of Southern Co's Dividend Payout Ratio

For the Utilities - Regulated Electric subindustry, Southern Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southern Co's Dividend Payout Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Southern Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Southern Co's Dividend Payout Ratio falls into.

Southern Co Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Southern Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2.78	/	3.404
	=	0.82

Southern Co's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.7	/	0.718
	=	0.97

Southern Co (NYSE:SO) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Southern Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Southern Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Southern Co (Southern Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Southern Co (NYSE:SO) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

SOT:Germany T1SO34:Brazil

Address

30 Ivan Allen Jr. Boulevard, Northwest, Atlanta, GA, USA, 30308

Website

https://www.southerncompany.com

Southern is one of the largest utilities in the U.S. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states. It owns 50 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy across the U.S. and sells the electricity primarily under long-term contracts.

Executives

David P. Poroch	officer: Comptroller	241 RALPH MCGILL BLVD., ATLANTA GA 30308
Stephen E Kuczynski	officer: Pres. & CEO, Southern Nuclear	30 IVAN ALLEN JR. BLVD, NW, ATLANTA GA 30308
Shantella E. Cooper	director	241 RALPH MCGILL BLVD., NW, ATLANTA GA 30308
Martin Bernard Davis	officer: EVP and CIO	520 GERVAIS STREET, C/O SOUTH STATE CORP, COLUMBIA SC 29201
Christopher Cummiskey	officer: EVP & CCCS Officer	241 RALPH MCGILL BLVD., ATLANTA GA 30308
Kimberly S, Greene	officer: President & CEO, SCS	30 IVAN ALLEN JR. BLVD., NW, ATLANTA GA 30308
Thomas A Fanning	officer: CFO
Bryan D Anderson	officer: EVP & Pres. External Affairs	30 IVAN ALLEN JR. BLVD. NW, ATLANTA GA 30308
Spainhour Sterling A Jr.	officer: EVP, Chief Legal Officer & CCO	4370 PEACHTREE ROAD, NE, ATLANTA GA 30319
Lizanne Thomas	director	1420 PEACHTREE STREET NE, SUITE 800, ATLANTA GA 30309
David E Meador	director	ONE ENERGY PLAZA, DETROIT MI 48226
Sloane N Drake	officer: EVP, CHRO	30 IVAN ALLEN JR BLVD NW, ATLANTA GA 30308
James Jeffrey Peoples	officer: Chairman, President & CEO, APC	600 NORTH 18TH STREET, BIRMINGHAM AL 35203
Kerr, Ii James Y	officer: Executive VP & General Counsel	30 IVAN ALLEN JR. BLVD., NW, ATLANTA GA 30308
Anthony L Wilson	officer: President, Mississippi Power	30 IVAN ALLEN JR. BLVD, ATLANTA GA 30308