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Southern Co. raises dividend

Utility Southern Co. SO, +2.57% stated overdue Monday it has increased its dividend by means of 8 cents a share on an annualized foundation to $2.40 a share. That's the 17th directly year that Southern raises its dividend. The corporate's regular quarterly dividend, including the increase of 2 cents a share over the prior quarter, of 60 cents a share, is payable June 6 to shareholders of document as of May 21. Shares of Southern rose zero.1% in overdue buying and selling after finishing the regular consultation up 2.6%.