Southern Company's Preferred Stock Yield Pushes Past 5%

In trading on Monday, shares of Southern Company's 5.25% Series Preferred Stock (NYSE: MP.PRD) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $26.09 on the day. This compares to an average yield of 4.39% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, MP.PRD was trading at a 7.96% premium to its liquidation preference amount, versus the average premium of 3.28% in t...