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SO Dividend Calculator

The Southern Company yields 3.51%, close to the 2.89% median across US dividend payers, and has raised the payment in each of the last 25 years. On a record that long the yield is the less interesting half of the picture: what a holder received grew every year even in the years the yield did not move.

SO paid $3.00 per share over the last twelve months on a quarterly schedule. Enter any amount below, or use the worked figures.

Your investment

SO

The Southern Company

3.51%

yield

$85.46 per shareQuarterlyStock
$
10 years
11530

Dividend income

$10,000 in SO pays you

$351.04

per year

Paid each quarter
$87.76
Monthly average
$29.25
Shares bought
117.01
Payments a year
4

Total over 10 years, taken as cash

$3,510.41

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Based on the trailing twelve-month dividend, assuming it stays flat. Payments are not guaranteed and can be cut or suspended at any time. Figures are before tax and exclude any change in the share price.

SO dividend income by investment amount

Based on the current yield of 3.51%. Figures are before tax and assume the dividend stays at its present level.

Dividend income from SO at a range of investment amounts.
InvestedPer yearPer paymentMonthly average
$1,000$35.10$8.78$2.93
$5,000$175.52$43.88$14.63
$10,000$351.04$87.76$29.25
$25,000$877.60$219.40$73.13
$50,000$1,755.21$438.80$146.27
$100,000$3,510.41$877.60$292.53

SO with dividends reinvested

$10,000 in SO, every dividend reinvested, holding the payment and share price flat. Deliberately conservative — most calculators assume years of uninterrupted growth, and that assumption drives most of the result.

After 10 years
$14,184

$13,510 taking the income as cash

After 20 years
$20,118

$17,021 taking the income as cash

After 30 years
$28,535

$20,531 taking the income as cash

Model SO with dividend growth →

What makes up SO's 3.51% yield

SO paid $3.00 per share over the last twelve months against a share price of $85.46, which is where the 3.51% comes from. Special and one-off distributions are excluded from that figure — they do not recur, and including them would overstate every projection below.

A yield near the median tells you little on its own, so the number worth pairing it with is the payout ratio: at 0.67, roughly 67% of SO's earnings are committed to the dividend and the remaining 33% is retained. Two companies on identical yields can sit at opposite ends of that range, and it is the difference between a payment with room to absorb a weak year and one without.

Utility revenue is largely set by regulators rather than by competition, which makes the cash behind the dividend unusually predictable. The same regulation caps how fast it can grow, so payments here tend to rise slowly and steadily rather than in steps.

When SO pays, and what that changes

SO pays quarterly, the standard schedule for US-listed payers, so the "per payment" column is one quarter of the annual figure and the "monthly average" column is a smoothed figure rather than a description of when cash arrives — nothing is paid in eight months of the year.

Each payment has an ex-dividend date, and it is the date that governs entitlement: shares bought on or after it do not carry that payment. SO's full schedule and payment history are on its dividend page.

Is SO's dividend covered by earnings?

SO's payout ratio of 0.67 means about 67% of earnings are committed to the dividend. That is within earnings but a narrower margin than the sub-0.60 range generally considered comfortable, so a weaker year absorbs more of the cover.

Earnings in a regulated business are unusually steady, which makes this ratio more informative than the same figure struck on cyclical profits — there is less risk that it simply reflects a good year. The corresponding limit is that regulated returns are capped, so the retained portion funds slower growth than an unconstrained business could deliver.

Every figure above holds SO's dividend flat. That is a conservative assumption here: the payment has risen in each of the last 25 years, and repeating that record would put the real result above these numbers. It is stated as an assumption rather than built in because a streak describes what has happened, not what is promised.

SO dividend calculator FAQ

How much does $10,000 in SO pay in dividends?
At SO's current yield of 3.51%, $10,000 pays about $351.04 a year — roughly $87.76 per payment, paid quarterly, or $29.25 a month averaged out.
What would SO be worth after 10 years with dividends reinvested?
Reinvesting every dividend and assuming the payment and share price both stay flat, $10,000 in SO would grow to about $14,184 after 10 years, against $13,510 if the income were taken as cash. That deliberately assumes no dividend growth — a real holding may do better or considerably worse.
How often does SO pay dividends?
SO pays quarterly — 4 payments a year — based on its actual payment history rather than an assumed schedule.
Is SO's dividend guaranteed?
No. Dividends are discretionary and can be reduced or suspended at any time, and every figure here is a projection from the current yield rather than a forecast. Check SO's full payment history before relying on any of it.
Has SO increased its dividend every year?
SO has raised its dividend in each of the last 25 years on our records, which are derived from split-adjusted payment history and are approximate. The projections above deliberately ignore that growth and hold the payment flat, so a continuation of the record would put the real outcome above the figures shown.

More on SO

The Southern Company is a common stock trading at $85.46 per share, paying quarterly. — All figures before tax. Not financial advice.