Ex-Div Reminder for Southern Company's 5.25% Series Preferred Stock

On 12/11/13, Southern Company's 5.25% Series Preferred Stock (NYSE: MP.PRD) will trade ex-dividend, for its quarterly dividend of $0.3281, payable on 1/2/14. As a percentage of MP.PRD's recent share price of $24.91, this dividend works out to approximately 1.32%, so look for shares of MP.PRD to trade 1.32% lower -- all else being equal -- when MP.PRD shares open for trading on 12/11/13. On an annualized basis, the current yield is approximately 5.25%, which compares to an average yield of 5.33% ...