Southern Company has had two stock splits over the course of its history. The first split occurred on March 1, 1994, and the second split happened on April 3, 2001.
Southern Company's first stock split in 1994 was a two-for-one split, meaning that after the split, each investor received two shares for every one share that she owned prior to the split. The company's second split in 2001 was a 10,000-for-6,109 split; investors received 10,000 shares for every 6,109 shares they owned prior to this split.
In most cases, when a company splits its stock in this way, the actual market value of each investor's shares does not change. This is because even though the investor owns more shares of the stock following the split, the actual value of each share is lower than it was prior to the split.
Southern Company is a holding company that provides electrical energy to the states of Alabama, Florida, Georgia and Mississippi through its four subsidiaries, each of which is a public utility company. The four subsidiaries are Alabama Power Company, Georgia Power Company, Gulf Power Company and Mississippi Power Company. Southern Company also controls all of the common stock of the Southern Power Company.