Southern Company's Series Class A Preferred Stock, Non-Cumulative Goes Ex-Dividend Soon

On 12/11/14, Southern Company's 6 1/8% Series Class A Preferred Stock, Non-Cumulative (NYSE: GPE.PRA) will trade ex-dividend, for its quarterly dividend of $0.3828, payable on 1/1/15. As a percentage of GPE.PRA's recent share price of $28.14, this dividend works out to approximately 1.36%, so look for shares of GPE.PRA to trade 1.36% lower — all else being equal — when GPE.PRA shares open for trading on 12/11/14. On an annualized basis, the current yield is approximately 5.44%, which compare...