Southern Company (SO) will raise its quarterly dividend by 3.0 percent to 68 cents per share quarterly in 2022. This marks 21 consecutive years of dividend increases by the energy holding company. The dividend yield for SO is 3.8% at a stock price of $71.50.

The Southern Company is an energy holding company. The company serves electric and gas utility customers through its subsidiaries. Southern Co provides energy through electric utilities in four states, natural gas distribution utilities in seven states, a generation company serving wholesale customers across America and a national provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter every quarter dating back to 1948.