The Southern (SO) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $3.00
- Forward yield
- 3.37%
- Payout ratio
- 65.2%
- Growth streak
- 5 years
Southern pays a quarterly dividend of $0.76 per share. Its most recent payment had an ex-date of August 17, 2026 and was paid on September 8, 2026. Over the trailing twelve months, it paid $3.00 per share, a yield of about 3.6% at a share price of $83.72.
The record shows a very regular pattern. Southern has raised its dividend once a year, each time with the payment that goes ex-dividend in May. The rate went from $0.66 to $0.68 in 2022, then to $0.70 in 2023, $0.72 in 2024, $0.74 in 2025 and $0.76 in 2026. Every raise was two cents, which works out to between 2.7% and 3.0% as the base has grown. Since late 2021, the quarterly rate has risen about 15%. Payments by calendar year climbed from $2.70 in 2022 to $2.78 in 2023, $2.86 in 2024 and $2.94 in 2025. The company has now increased its dividend for five consecutive years.
If the pattern holds, the next payment would go ex-dividend in mid-November 2026 and be paid around December 8. Past raises have come later, with the May payment.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Jul 20, 2026 | Aug 17, 2026 | Sep 8, 2026 | $0.76 |
| Apr 20, 2026 | May 18, 2026 | Jun 8, 2026 | $0.76 |
| Jan 28, 2026 | Feb 17, 2026 | Mar 6, 2026 | $0.74 |
| Oct 20, 2025 | Nov 17, 2025 | Dec 8, 2025 | $0.74 |
| Jul 21, 2025 | Aug 18, 2025 | Sep 8, 2025 | $0.74 |
| Apr 21, 2025 | May 19, 2025 | Jun 6, 2025 | $0.74 |
| Jan 28, 2025 | Feb 18, 2025 | Mar 6, 2025 | $0.72 |
| Oct 15, 2024 | Nov 18, 2024 | Dec 6, 2024 | $0.72 |
| Jul 15, 2024 | Aug 19, 2024 | Sep 6, 2024 | $0.72 |
| Apr 22, 2024 | May 17, 2024 | Jun 6, 2024 | $0.72 |
| Jan 18, 2024 | Feb 16, 2024 | Mar 6, 2024 | $0.70 |
| Oct 16, 2023 | Nov 17, 2023 | Dec 6, 2023 | $0.70 |
| Jul 17, 2023 | Aug 18, 2023 | Sep 6, 2023 | $0.70 |
| Apr 17, 2023 | May 12, 2023 | Jun 6, 2023 | $0.70 |
| Jan 20, 2023 | Feb 17, 2023 | Mar 6, 2023 | $0.68 |
| Oct 18, 2022 | Nov 18, 2022 | Dec 6, 2022 | $0.68 |
| Jul 18, 2022 | Aug 12, 2022 | Sep 6, 2022 | $0.68 |
| Apr 19, 2022 | May 13, 2022 | Jun 6, 2022 | $0.68 |
| Jan 14, 2022 | Feb 18, 2022 | Mar 7, 2022 | $0.66 |
| Oct 18, 2021 | Nov 12, 2021 | Dec 6, 2021 | $0.66 |
Frequently asked questions
Does The Southern (SO) pay a dividend?
Yes. The Southern pays a quarterly dividend; the most recent payment was $0.76 per share.
What is SO's dividend yield?
The Southern paid $3.00 per share over the trailing twelve months, a yield of 3.37% at the last price of $89.07. Click here to learn more
When is SO's most recent ex-dividend date?
The Southern's most recent ex-dividend date is Aug 17, 2026, payable on Sep 8, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has SO been raising its dividend?
Yes — The Southern has increased its dividend for 5 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.