Southern Company's Series Preferred Stock About To Put More Money In Your Pocket

On 3/11/15, Southern Company's 5.25% Series Preferred Stock (NYSE: MP.PRD) will trade ex-dividend, for its quarterly dividend of $0.3281, payable on 4/1/15. As a percentage of MP.PRD's recent share price of $25.82, this dividend works out to approximately 1.27%, so look for shares of MP.PRD to trade 1.27% lower — all else being equal — when MP.PRD shares open for trading on 3/11/15. On an annualized basis, the current yield is approximately 5.08%, which compares to an average yield of 4.65% ...