Southern Co (SO) Dividend Analysis
Comprehensive dividend yield, safety, growth, and income analysis for SO.
Southern Co (SO) pays a solid 3.67% dividend yield, or $3.04 per share annually at a stock price of $82.37. 25 consecutive years of dividend increases — qualifying as a Dividend Aristocrat (25+ years). The payout ratio of 72% is moderate. The dividend is currently covered by earnings but leaves less room for growth. Earnings cover the dividend 1.4x. Dividend growth has been steady, with a 3-year CAGR of 2.8% and a 5-year CAGR of 2.9% (10-year: 3.1%). The most recent ex-dividend date was August 17, 2026.
Dividend Overview
Southern Co (SO) pays a solid 3.67% dividend yield, or $3.04 per share annually at a stock price of $82.37. SO has increased its dividend for 25 consecutive years.
Dividend Safety
The payout ratio of 72% is moderate. The dividend is currently covered by earnings but leaves less room for growth.
DRIP Projection
$10,000 invested in SO with dividends reinvested would grow to approximately $15,068 after 10 years, generating roughly $736/year in dividend income. This projection assumes the current 3.67% yield and a 2.9% annual dividend growth rate with all dividends reinvested.
| Year | Portfolio Value | Annual Income | Total Return |
|---|---|---|---|
| Year 1 | $10,367 | $391 | +4% |
| Year 5 | $12,100 | $512 | +21% |
| Year 10 | $15,068 | $736 | +51% |
| Year 15 | $19,390 | $1,092 | +94% |
| Year 20 | $25,909 | $1,683 | +159% |
Assumes constant share price and reinvestment at current price. Actual results will vary. Try our DRIP Calculator for a customized projection with real historical data.
Payment Schedule
You must own shares before the ex-dividend date to receive the upcoming payment. Payment typically arrives 2-4 weeks after the ex-date.
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