What is the current annual payout ratio of SO?

As of today, SO annual payout ratio is 72.28%

What is 1-year change in SO annual payout ratio?

SO annual payout ratio is up +4.24% year-over-year

What is 3-year change in SO annual payout ratio?

SO annual payout ratio is down -14.76% over the past 3 years

How far is SO annual payout ratio from its all-time high?

SO annual payout ratio is currently -70.90% below its historical high of 248.38% set on December 31, 2017

How does SO annual payout ratio rank versus sector peers?

SO annual payout ratio is higher than 79.82% of companies in Utilities sector

When is SO next annual earnings release?

As of today, the next annual earnings release for SO has not been scheduled

What is the current TTM payout ratio of SO?

As of today, SO TTM payout ratio is 115.26%

What is SO TTM payout ratio most recent change?

SO TTM payout ratio remained unchanged on November 6, 2026

What is 1-year change in SO TTM payout ratio?

SO TTM payout ratio is up +58.78% year-over-year

How far is SO TTM payout ratio from its all-time high?

SO TTM payout ratio is currently -72.94% below its historical high of 425.93% set on November 17, 2017

How does SO TTM payout ratio rank versus sector peers?

SO TTM payout ratio is higher than 94.12% of companies in Utilities sector

When is SO next earnings release?

As of today, the next earnings release for SO has not been scheduled

When is SO next earnings release?

As of today, the next earnings release for SO has not been scheduled

SO Payout Ratio History & Chart Since 1980

Annual Payout Ratio

72.28%2.94%+4.24%

December 31, 2025

Summary

Current Value: As of today, SO annual payout ratio is 72.28%, up +4.24% on December 31, 2025
Historical Performance: SO annual payout ratio is down -14.76% over the past 3 years, down -16.47% over the past 5 years
All-Time High Comparison: SO annual payout ratio is currently -70.90% below its historical high of 248.38% set on December 31, 2017
3-Year Low Comparison: SO annual payout ratio is +4.24% above its 3-year low of 69.34% reached on December 31, 2024
Sector Comparison: SO annual payout ratio is higher than 79.82% of companies in Utilities sector

Payout Ratio Chart

Performance

SO Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Payout Ratio	Dec 31, 25	72.28%	+4.2%	-14.8%	-16.5%	-5.5%
Quarterly Payout Ratio	Sep 30, 26	-	–	–	–	–
TTM Payout Ratio	Nov 6, 26	115.26%	+58.8%	+15.4%	+24.2%	+49.7%
Price	Nov 6, 26	$92.34	+1.6%	+33.4%	+46.3%	+113.8%
Annual Dividend Yield	Nov 6, 26	3.18%	+0.9%	-18.5%	-21.1%	-23.7%
Annual Dividends Paid	Dec 31, 25	$3.02B	+2.1%	+3.7%	+12.3%	+93.2%
Annual Dividend	Dec 31, 25	$2.94	+2.8%	+8.9%	+15.8%	+63.1%
Annual Free Cash Flow	Dec 31, 25	-$3.59B	-1886.1%	-58.1%	-224.6%	-1531.8%
Annual Revenue	Dec 31, 25	$29.55B	+10.6%	+0.9%	+46.0%	+69.3%
Annual EPS	Dec 31, 25	$3.91	-2.0%	+20.1%	+38.6%	+65.9%

Payout Ratio Highs

SO Annual Payout Ratio Highs Comparison
Period	High	Date	Current
3Y	84.80%	N/A	-14.8%
5Y	120.27%	Dec 31, 21	-39.9%
All	248.38%	Dec 31, 17	-70.9%

Payout Ratio Lows

SO Annual Payout Ratio Lows Comparison
Period	Low	Date	Current
3Y	69.34%	Dec 31, 24	+4.2%
5Y	69.34%	Dec 31, 24	+4.2%
All	53.14%	Dec 31, 85	+36.0%

Payout Ratio History

Year	Value	Change
2025	72.28%	+4.2%
2024	69.34%	-12.1%
2023	78.85%	-7.0%
2022	84.80%	-29.5%
2021	120.27%	+39.0%
2020	86.53%	+59.7%
2019	54.17%	-48.6%
2018	105.43%	-57.6%
2017	248.38%	+198.6%
2016	83.19%	+3.4%
2015	80.45%	-15.5%
2014	95.22%	-10.9%
2013	106.90%	+46.8%
2012	72.80%	-0.9%
2011	73.46%	-4.0%
2010	76.52%	-8.9%
2009	83.96%	+18.5%
2008	70.84%	+4.8%
2007	67.62%	-4.6%
2006	70.90%	+4.7%
2005	67.74%	+1.1%
2004	67.03%	-1.6%
2003	68.11%	+7.4%

Year	Value	Change
2002	63.44%	-10.1%
2001	70.60%	-4.4%
2000	73.86%	+33.2%
1999	55.45%	-26.8%
1998	75.79%	-0.8%
1997	76.37%	+12.6%
1996	67.84%	+0.7%
1995	67.36%	-5.4%
1994	71.19%	+7.4%
1993	66.30%	+0.8%
1992	65.75%	-4.3%
1991	68.70%	-26.9%
1990	94.02%	+35.0%
1989	69.66%	+1.8%
1988	68.43%	-24.9%
1987	91.11%	+40.1%
1986	65.05%	+22.4%
1985	53.14%	-12.3%
1984	60.58%	+12.4%
1983	53.90%	-22.3%
1982	69.38%	-21.7%
1981	88.60%	+28.8%
1980	68.79%	-

FAQ

What is the current annual payout ratio of SO?: As of today, SO annual payout ratio is 72.28%
What is 1-year change in SO annual payout ratio?: SO annual payout ratio is up +4.24% year-over-year
What is 3-year change in SO annual payout ratio?: SO annual payout ratio is down -14.76% over the past 3 years
How far is SO annual payout ratio from its all-time high?: SO annual payout ratio is currently -70.90% below its historical high of 248.38% set on December 31, 2017
How does SO annual payout ratio rank versus sector peers?: SO annual payout ratio is higher than 79.82% of companies in Utilities sector
When is SO next annual earnings release?: As of today, the next annual earnings release for SO has not been scheduled

Payout Ratio Formula

Payout Ratio =

Dividend Per Share

EPS

× 100%

TTM Payout Ratio

115.26%0.00%0.00%

November 6, 2026

Summary

Current Value: As of today, SO TTM payout ratio is 115.26%, unchanged on November 6, 2026
Historical Performance: SO TTM payout ratio is up +58.78% year-over-year, up +15.36% over the past 3 years
All-Time High Comparison: SO TTM payout ratio is currently -72.94% below its historical high of 425.93% set on November 17, 2017
3-Year Low Comparison: SO TTM payout ratio is +74.21% above its 3-year low of 66.16% reached on September 30, 2024
Sector Comparison: SO TTM payout ratio is higher than 94.12% of companies in Utilities sector

Performance

SO Performance
Metric	Date	Value	3M	1Y	3Y	5Y
TTM Payout Ratio	Nov 6, 26	115.26%	+60.3%	+58.8%	+15.4%	+24.2%
Quarterly Payout Ratio	Sep 30, 26	-	–	–	–	–
Annual Payout Ratio	Dec 31, 25	72.28%	–	+4.2%	-14.8%	-16.5%
Price	Nov 6, 26	$92.34	-0.6%	+1.6%	+33.4%	+46.3%
TTM Dividend Yield	Nov 6, 26	3.25%	+1.3%	+1.3%	-18.6%	-21.1%
TTM Dividends Paid	Sep 30, 26	-	–	–	–	–
TTM Dividend	Nov 6, 26	$3.00	+0.7%	+2.7%	+8.7%	+15.4%
TTM Free Cash Flow	Sep 30, 26	-	–	–	–	–
TTM Revenue	Sep 30, 26	-	–	–	–	–
TTM EPS	Sep 30, 26	$2.60	-37.2%	-35.3%	-5.8%	-7.1%

TTM Payout Ratio Highs

SO TTM Payout Ratio Highs Comparison
Period	High	Date	Current
1Y	115.26%	Sep 30, 26	at high
3Y	115.26%	Sep 30, 26	at high
5Y	123.76%	May 13, 22	-6.9%
All	425.93%	Nov 17, 17	-72.9%

TTM Payout Ratio Lows

SO TTM Payout Ratio Lows Comparison
Period	Low	Date	Current
1Y	71.91%	Jun 30, 26	+60.3%
3Y	66.16%	Sep 30, 24	+74.2%
5Y	66.16%	Sep 30, 24	+74.2%
All	0.00%	Dec 31, 81	N/A

TTM Payout Ratio History

Month	Value	Change
Nov 2026	115.26%	+60.3%
Jun 2026	71.91%	-5.0%
Mar 2026	75.71%	+0.8%
Dec 2025	75.10%	+3.5%
Sep 2025	72.59%	-3.1%
Jun 2025	74.88%	+8.4%
Mar 2025	69.06%	-3.7%
Dec 2024	71.68%	+8.3%
Sep 2024	66.16%	-1.6%
Jun 2024	67.22%	-7.2%
Mar 2024	72.42%	-5.6%
Dec 2023	76.69%	-23.2%
Sep 2023	99.91%	+2.9%
Jun 2023	97.11%	+10.4%
Mar 2023	88.00%	+6.6%
Dec 2022	82.54%	-2.8%
Sep 2022	84.94%	-9.5%
Jun 2022	93.88%	-23.6%
Mar 2022	122.83%	+5.7%
Dec 2021	116.20%	+25.2%
Sep 2021	92.78%	+6.0%
Jun 2021	87.54%	+8.5%
Mar 2021	80.65%	-7.4%
Dec 2020	87.07%	+3.1%
Sep 2020	84.44%	+3.1%
Jun 2020	81.88%	+10.0%
Mar 2020	74.42%	+36.4%
Dec 2019	54.56%	-2.7%
Sep 2019	56.10%	-1.8%
Jun 2019	57.15%	-23.1%
Mar 2019	74.30%	-32.6%
Dec 2018	110.19%	+11.6%
Sep 2018	98.74%	-2.1%
Jun 2018	100.86%	-52.6%
Mar 2018	212.84%	-23.2%
Dec 2017	277.11%	-34.4%
Sep 2017	422.22%	+21.4%
Jun 2017	347.69%	+319.1%
Mar 2017	82.96%	-4.1%
Dec 2016	86.48%	+4.6%
Sep 2016	82.70%	-3.7%
Jun 2016	85.91%	+1.6%
Mar 2016	84.56%	+2.0%
Dec 2015	82.91%	+2.1%
Sep 2015	81.17%	-8.8%
Jun 2015	88.96%	+0.4%
Mar 2015	88.60%	-6.4%
Dec 2014	94.65%	+7.3%
Sep 2014	88.25%	+8.2%
Jun 2014	81.57%	-12.8%
Mar 2014	93.55%	-13.1%
Dec 2013	107.62%	-0.7%
Sep 2013	108.42%	+8.6%
Jun 2013	99.87%	+19.7%
Mar 2013	83.40%	+15.1%
Dec 2012	72.48%	-4.3%
Sep 2012	75.74%	-1.1%
Jun 2012	76.56%	+0.5%
Mar 2012	76.16%	+3.8%
Dec 2011	73.39%	-3.8%
Sep 2011	76.29%	-2.8%
Jun 2011	78.48%	-2.9%
Mar 2011	80.83%	+5.9%
Dec 2010	76.33%	+6.2%
Sep 2010	71.87%	+1.8%
Jun 2010	70.60%	+0.6%
Mar 2010	70.18%	-16.8%
Dec 2009	84.37%	-2.1%
Sep 2009	86.22%	+1.5%
Jun 2009	84.91%	-2.0%
Mar 2009	86.63%	+17.2%
Dec 2008	73.92%	+2.3%

Month	Value	Change
Sep 2008	72.23%	+1.1%
Jun 2008	71.46%	+2.0%
Mar 2008	70.08%	+0.1%
Dec 2007	70.04%	+0.3%
Sep 2007	69.85%	+0.5%
Jun 2007	69.49%	-0.8%
Mar 2007	70.07%	-3.6%
Dec 2006	72.68%	-0.8%
Sep 2006	73.28%	+0.5%
Jun 2006	72.91%	+1.0%
Mar 2006	72.18%	+4.4%
Dec 2005	69.11%	+6.0%
Sep 2005	65.18%	-3.9%
Jun 2005	67.84%	-0.8%
Mar 2005	68.39%	+2.0%
Dec 2004	67.06%	-6.6%
Sep 2004	71.81%	-1.0%
Jun 2004	72.54%	+6.8%
Mar 2004	67.93%	-1.4%
Dec 2003	68.91%	+3.7%
Sep 2003	66.46%	+0.1%
Jun 2003	66.38%	-5.5%
Mar 2003	70.26%	-4.2%
Dec 2002	73.37%	-3.4%
Sep 2002	75.96%	-1.8%
Jun 2002	77.33%	-4.3%
Mar 2002	80.84%	+9.2%
Dec 2001	74.03%	0.0%
Sep 2001	74.03%	+8.8%
Jun 2001	68.02%	+6.6%
Mar 2001	63.81%	-4.3%
Dec 2000	66.67%	+1.5%
Sep 2000	65.69%	-2.5%
Jun 2000	67.34%	-3.5%
Mar 2000	69.79%	-3.1%
Dec 1999	72.04%	-14.5%
Sep 1999	84.28%	-10.1%
Jun 1999	93.71%	-4.2%
Mar 1999	97.81%	+2.2%
Dec 1998	95.71%	+26.7%
Sep 1998	75.57%	-10.1%
Jun 1998	84.08%	-4.4%
Mar 1998	87.92%	-4.0%
Dec 1997	91.55%	-4.2%
Sep 1997	95.56%	+11.2%
Jun 1997	85.91%	+8.9%
Mar 1997	78.88%	+5.2%
Dec 1996	75.00%	+2.6%
Sep 1996	73.10%	+2.0%
Jun 1996	71.68%	-0.9%
Mar 1996	72.35%	-1.6%
Dec 1995	73.49%	+2.6%
Sep 1995	71.60%	-3.3%
Jun 1995	74.07%	+0.2%
Mar 1995	73.91%	-4.8%
Dec 1994	77.63%	-3.8%
Sep 1994	80.69%	+4.3%
Jun 1994	77.33%	+1.5%
Mar 1994	76.16%	+4.9%
Dec 1993	72.61%	-0.3%
Dec 1992	72.85%	-4.7%
Dec 1991	76.43%	-31.4%
Dec 1990	111.46%	+39.6%
Dec 1989	79.87%	>+9,900.0%
Dec 1988	0.00%	0.0%
Dec 1987	0.00%	0.0%
Dec 1986	0.00%	0.0%
Dec 1985	0.00%	0.0%
Dec 1984	0.00%	0.0%
Dec 1983	0.00%	0.0%
Dec 1982	0.00%	-

FAQ

What is the current TTM payout ratio of SO?: As of today, SO TTM payout ratio is 115.26%
What is SO TTM payout ratio most recent change?: SO TTM payout ratio remained unchanged on November 6, 2026
What is 1-year change in SO TTM payout ratio?: SO TTM payout ratio is up +58.78% year-over-year
How far is SO TTM payout ratio from its all-time high?: SO TTM payout ratio is currently -72.94% below its historical high of 425.93% set on November 17, 2017
How does SO TTM payout ratio rank versus sector peers?: SO TTM payout ratio is higher than 94.12% of companies in Utilities sector
When is SO next earnings release?: As of today, the next earnings release for SO has not been scheduled

Payout Ratio Formula

Payout Ratio =

Dividend Per Share

EPS

× 100%

Quarterly Payout Ratio

N/A

September 30, 2026

Performance

SO Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Payout Ratio	Sep 30, 26	-	–	–	–	–
Annual Payout Ratio	Dec 31, 25	72.28%	–	+4.2%	-14.8%	-16.5%
TTM Payout Ratio	Nov 6, 26	115.26%	+60.3%	+58.8%	+15.4%	+24.2%
Price	Nov 6, 26	$92.34	-0.6%	+1.6%	+33.4%	+46.3%
TTM Dividend Yield	Nov 6, 26	3.25%	+1.3%	+1.3%	-18.6%	-21.1%
Quarterly Dividends Paid	Sep 30, 26	-	–	–	–	–
TTM Dividend	Nov 6, 26	$3.00	+0.7%	+2.7%	+8.7%	+15.4%
Quarterly Free Cash Flow	Sep 30, 26	-	–	–	–	–
Quarterly Revenue	Sep 30, 26	-	–	–	–	–
Quarterly EPS	Sep 30, 26	$0.00	-100.0%	-100.0%	-100.0%	-100.0%

Quarterly Payout Ratio Highs

SO Quarterly Payout Ratio Highs Comparison
Period	High	Date	Current
1Y	223.17%	Dec 31, 25	N/A
3Y	223.17%	Dec 31, 25	N/A
5Y	223.17%	Dec 31, 25	N/A
All	1,383.77%	Dec 31, 98	N/A

Quarterly Payout Ratio Lows

SO Quarterly Payout Ratio Lows Comparison
Period	Low	Date	Current
1Y	44.52%	N/A	N/A
3Y	44.52%	Sep 30, 25	N/A
5Y	-536.96%	Dec 31, 22	N/A
All	-536.96%	Dec 31, 22	N/A

Quarterly Payout Ratio History

Month	Value	Change
Jun 2026	67.59%	+16.5%
Mar 2026	58.00%	-74.0%
Dec 2025	223.17%	+401.3%
Sep 2025	44.52%	-49.9%
Jun 2025	88.86%	+53.3%
Mar 2025	57.95%	-63.2%
Dec 2024	157.51%	+229.9%
Sep 2024	47.75%	-24.8%
Jun 2024	63.47%	-7.3%
Mar 2024	68.44%	-28.7%
Dec 2023	95.98%	+79.7%
Sep 2023	53.42%	-42.5%
Jun 2023	92.83%	-0.0%
Mar 2023	92.87%	+117.3%
Dec 2022	-536.96%	-1,177.6%
Sep 2022	49.83%	-24.9%
Jun 2022	66.39%	-6.3%
Mar 2022	70.84%	+128.6%
Dec 2021	-247.35%	-492.2%
Sep 2021	63.06%	-66.1%
Jun 2021	185.90%	+203.5%
Mar 2021	61.25%	-67.7%
Dec 2020	189.64%	+259.9%
Sep 2020	52.69%	-51.7%
Jun 2020	109.02%	+40.0%
Mar 2020	77.88%	-51.1%
Dec 2019	159.17%	+229.3%
Sep 2019	48.33%	-30.4%
Jun 2019	69.39%	+129.3%
Mar 2019	30.26%	-86.9%
Dec 2018	230.48%	+361.0%
Sep 2018	50.00%	+110.4%
Jun 2018	-478.74%	-864.6%
Mar 2018	62.61%	-46.5%
Dec 2017	117.03%	+123.0%
Sep 2017	52.48%	+222.4%
Jun 2017	-42.88%	-151.3%
Mar 2017	83.61%	-65.1%
Dec 2016	239.57%	+432.0%
Sep 2016	45.03%	-44.6%
Jun 2016	81.30%	-18.0%
Mar 2016	99.20%	-44.4%
Dec 2015	178.45%	+242.8%
Sep 2015	52.06%	-34.7%
Jun 2015	79.78%	-15.4%
Mar 2015	94.29%	-39.3%
Dec 2014	155.21%	+133.8%
Sep 2014	66.39%	-14.2%
Jun 2014	77.39%	-39.1%
Mar 2014	127.17%	+17.9%
Dec 2013	107.89%	+103.4%
Sep 2013	53.05%	-63.9%
Jun 2013	146.96%	-67.7%
Mar 2013	455.67%	+311.3%
Dec 2012	110.78%	+146.1%
Sep 2012	45.02%	-35.1%
Jun 2012	69.33%	-37.5%
Mar 2012	110.94%	-27.5%
Dec 2011	153.07%	+237.6%
Sep 2011	45.34%	-32.7%
Jun 2011	67.42%	-26.4%
Mar 2011	91.55%	-61.0%
Dec 2010	234.92%	+395.1%
Sep 2010	47.45%	-36.3%
Jun 2010	74.48%	+1.3%

Month	Value	Change
Mar 2010	73.49%	-46.8%
Dec 2009	138.21%	+205.4%
Sep 2009	45.26%	-37.7%
Jun 2009	72.68%	-69.9%
Mar 2009	241.72%	+50.3%
Dec 2008	160.86%	+295.7%
Sep 2008	40.65%	-45.5%
Jun 2008	74.58%	-9.1%
Mar 2008	82.04%	-40.7%
Dec 2007	138.28%	+250.4%
Sep 2007	39.46%	-42.9%
Jun 2007	69.14%	-16.9%
Mar 2007	83.22%	-43.3%
Dec 2006	146.84%	+281.2%
Sep 2006	38.52%	-47.0%
Jun 2006	72.74%	-29.2%
Mar 2006	102.72%	-38.1%
Dec 2005	165.92%	+341.4%
Sep 2005	37.59%	-46.4%
Jun 2005	70.08%	-12.4%
Mar 2005	80.02%	-24.2%
Dec 2004	105.63%	+160.8%
Sep 2004	40.51%	-43.3%
Jun 2004	71.42%	-5.1%
Mar 2004	75.28%	-67.6%
Dec 2003	232.31%	+468.7%
Sep 2003	40.85%	-27.8%
Jun 2003	56.55%	-30.5%
Mar 2003	81.32%	-28.6%
Dec 2002	113.90%	+202.3%
Sep 2002	37.68%	-39.5%
Jun 2002	62.24%	-28.0%
Mar 2002	86.39%	-56.9%
Dec 2001	200.38%	+420.9%
Sep 2001	38.47%	-46.9%
Jun 2001	72.51%	-28.1%
Mar 2001	100.88%	-56.6%
Dec 2000	232.65%	+627.3%
Sep 2000	31.99%	-40.6%
Jun 2000	53.81%	-20.9%
Mar 2000	68.02%	-39.3%
Dec 1999	111.97%	+284.5%
Sep 1999	29.12%	-52.7%
Jun 1999	61.50%	-35.4%
Mar 1999	95.20%	-93.1%
Dec 1998	1,383.77%	+3,382.1%
Sep 1998	39.74%	-44.6%
Jun 1998	71.69%	-7.5%
Mar 1998	77.48%	-32.5%
Dec 1997	114.73%	+92.8%
Sep 1997	59.51%	-42.3%
Jun 1997	103.12%	-12.4%
Mar 1997	117.75%	-22.4%
Dec 1996	151.65%	+234.0%
Sep 1996	45.40%	-38.3%
Jun 1996	73.55%	-18.9%
Mar 1996	90.64%	-28.4%
Dec 1995	126.64%	+192.3%
Sep 1995	43.32%	-42.9%
Jun 1995	75.89%	-22.5%
Mar 1995	97.87%	-10.7%
Dec 1994	109.59%	+138.1%
Sep 1994	46.03%	-38.3%
Jun 1994	74.63%	-44.8%
Mar 1994	135.10%	-

FAQ

When is SO next earnings release?: As of today, the next earnings release for SO has not been scheduled

Payout Ratio Formula

Payout Ratio =

Dividend Per Share

EPS

× 100%

Data Sources & References

SO Official Website www.southerncompany.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/92122/000009212226000006/0000092122-26-000006-index.htm
SO Profile on Yahoo Finance finance.yahoo.com/quote/SO
SO Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/so