Southern Company’s Class A Preferred Stock Crosses 5% Yield Mark

In trading on Friday, shares of Southern Company’s 5.30% Class A Preferred Stock (NYSE: ALP.PRP) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.325), with shares changing hands as low as $26.24 on the day. This compares to an average yield of 4.55% in the “Utilities” preferred stock category, according to Preferred Stock Channel. As of last close, ALP.PRP was trading at a 6.12% premium to its liquidation preference amount, versus the average premium of 7.16% in the “Utilities” category.
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http://www.forbes.com/sites/dividendchannel/2012/09/28/southern-companys-class-a-preferred-stock-crosses-5-yield-mark/