By Colin Kellaher
Southern Co.'s board has raised the energy provider's quarterly dividend by 2.9%, to 72 cents from 70 cents.
The new payout, equal to $2.88 a year, represents an annual yield of about 3.98% based on Monday's trading price of $72.40.
The Atlanta company said the increased dividend is payable June 6 to shareholders of record May 20.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
04-22-24 1210ET