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SO (Southern Co) Dividend Payout Ratio : 0.68 (As of Jun. 2024)


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What is Southern Co Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Southern Co's Dividend Payout Ratio for the months ended in Jun. 2024 was 0.68.

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 0.71, 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: 0.71   Med: 0.91   Max: 3.44
Current: 0.71


During the past 13 years, the highest Dividend Payout Ratio of Southern Co was 3.44. The lowest was 0.71. And the median was 0.91.

SO's Dividend Payout Ratio is ranked worse than
69.61% of 362 companies
in the Utilities - Regulated industry
Industry Median: 0.52 vs SO: 0.71

As of today (2024-10-31), the Dividend Yield % of Southern Co is 3.12%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Southern Co was 5.43%. The lowest was 3.02%. And the median was 4.25%.

Southern Co's Dividends per Share for the months ended in Jun. 2024 was $0.72.

During the past 12 months, Southern Co's average Dividends Per Share Growth Rate was 2.90% 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.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.


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 Premium Member Only Premium Member Only 0.89 0.87 1.26 0.82 0.82

Southern Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 0.57 0.98 0.71 0.68

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

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

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 Jun. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2024 )/ EPS without NRI (Q: Jun. 2024 )
=0.72/ 1.053
=0.68

* 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.


Southern Co (NYSE:SO) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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 Business Description

Address
30 Ivan Allen Jr. Boulevard, Northwest, Atlanta, GA, USA, 30308
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
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
Anthony L Wilson officer: President, Mississippi Power 30 IVAN ALLEN JR. BLVD, ATLANTA GA 30308
Sloane N Drake officer: EVP, CHRO 30 IVAN ALLEN JR BLVD NW, ATLANTA GA 30308
Kimberly S, Greene officer: President & CEO, SCS 30 IVAN ALLEN JR. BLVD., NW, ATLANTA GA 30308
Christopher Cummiskey officer: EVP & CCCS Officer 241 RALPH MCGILL BLVD., ATLANTA GA 30308
Stephen E Kuczynski officer: Pres. & CEO, Southern Nuclear 30 IVAN ALLEN JR. BLVD, NW, ATLANTA GA 30308
David P. Poroch officer: Comptroller 241 RALPH MCGILL BLVD., 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
Thomas A Fanning officer: CFO
Lizanne Thomas director 1420 PEACHTREE STREET NE, SUITE 800, ATLANTA GA 30309
David E Meador director ONE ENERGY PLAZA, DETROIT MI 48226
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