Southern Co (NYSE:SO) Updates On Dividend Release Date


On 2016-07-18, Southern Co (NYSE:SO) confirmed the dividend disbursement of $0.56 a share to shareholders as on record 2016-08-15. The firm will release dividend on 2016-09-06 while ex-dividend date is reported to be 2016-08-11.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Southern Co (NYSE:SO) paid a total of $0.56 per share in dividends. This figure stood at $0.56 a share in the same period a year ago indicating a deviation of 3.3614%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $52.875 on the stock. This figure is the average of recommendations offered by 8 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $62 and $46, respectively.

Taking the mathematical rating formula, the price for Southern Co (NYSE:SO) stands at 3.03. Earnings Review Southern Co (NYSE:SO) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-26. For the period ending on 2016-09-30, experts are expecting EPS of $1.16.

Coming to the quarter ending on 2015-12-31, Southern Co (NYSE:SO) recorded EPS of $0.74. The reported numbers came lower than the analysts’ estimates of $0.69, demonstrating a miss of $0.05 as against reported figures.

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