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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Southern Company (The) Series 2 (SOJE) pays a $3.00 annual dividend ($0.26 monthly), yielding 3.40% at $15.92/share. Next ex-dividend date 2026-10-14. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.40%
Annual Dividend: $3.00 per share
Payout Ratio: 66.6%
Ex-Dividend Date: 2026-10-14
Dividend Frequency: monthly
Sector: Utilities
Years of Dividend History: 6
Southern Company (The) Series 2 dividend comes from one of the largest energy holding companies in the United States, operating electric utilities across Alabama, Georgia, Florida, and Mississippi, plus a natural gas distribution network spanning seven states. SOJE currently yields 3.4%, with a trailing annual dividend rate of $3.00 per share paid monthly. The next ex-dividend date is October 14, 2026. A beta of 0.43 points to low price volatility, which suits income-focused investors who prioritize capital preservation over growth.
Southern Company (The) Series 2 pays out 66.6% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by the company's regulated electric utility operations, which generate demand-driven revenue from customers across four states with limited competitive pressure. Southern Company (The) Series 2 dividend safety is worth examining closely, however, because a payout above 66% leaves a narrower buffer if earnings come under pressure from rising capital costs or regulatory changes in its multi-state service territory.
Southern Company (The) Series 2 dividend history shows a CAGR of -1.8% per year from 2021 to 2025. Per-share payments moved from $1.1297 in 2021 to $1.0500 in 2025 (2026 data is partial and excluded from this calculation). The smallest annual increase in the window was -0.0% in 2024, meaning the dividend was flat rather than growing. Growth is effectively zero, and that limits the income upside for investors counting on rising payouts over time.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -0.0% | $1.05 (2022) | $1.05 (2025) |
SOJE fits income-focused investors who want monthly payments from a large regulated utility and can accept a dividend that has not grown in recent years. The current yield of 3.4% falls in the moderate (2-4%) range, and it sits well below the 5-year average yield of 6.7%, which reflects a meaningful shift in how the market prices this security. The payout ratio of 66.6% is elevated but not extreme for a regulated utility. What an investor gets here is monthly income from an energy business with broad geographic reach. What they give up is dividend growth, with a CAGR of -1.8% per year over the last four complete years.
| Payment Date | Amount per Share |
|---|---|
| 2026-10-14 | $0.2625 |
| 2026-07-14 | $0.2625 |
| 2026-04-14 | $0.2625 |
| 2026-01-14 | $0.2625 |
| 2025-10-14 | $0.2625 |
| 2025-07-14 | $0.2625 |
| 2025-04-14 | $0.2625 |
| 2025-01-14 | $0.2625 |
| 2024-10-11 | $0.2625 |
| 2024-07-12 | $0.2625 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.0500 |
| 2025 | $1.0500 |
| 2024 | $1.0500 |
| 2023 | $1.0505 |
| 2022 | $1.0515 |
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