The Southern Company has issued annual dividends ranging from $0.65 to $2.08 per unit of common stock between 1972 and 2014. The company has progressively increased the dividends paid out to shareholders throughout this period.
Southern Company has paid dividends on its common stock on or before the sixth day of March, June, September and December since 1972. In 1972, the company paid shareholders equal dividends of $0.16 in each of these four months. In 1973, the total dividends paid were $0.67, an increase from the previous year's total of $0.65. In subsequent years, Southern Company's dividends have increased steadily to reach a record high of $2.08 in 2014. The company first surpassed the dollar threshold when it paid dividends of $1.03 in 1986.
The dividends paid by Southern Company have increased every year except 1979, 1999, 2000 and 2001. For each of these years, the dividends were equal to the dividends paid during the preceding year. In 2015, the company declared dividends of $0.52, $0.54 and $0.54 in February, May and August, respectively. The company issues dividends after a declaration by the board of directors. All Southern Company dividends paid out to shareholders are fully taxable as of 2015.