Southern Company raises dividend rate 16th straight year

Southern Company also announced today a regular quarterly dividend – including the increase of 2 cents per share over the prior quarter – of 58 cents per share, payable June 6, 2017, to shareholders of record as of May 15, 2017. This marks 278 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter.

Since I own 29 shares of SO, this change will increase my 12 month forward dividends by $2.32