
Southern Company (The) Series 2
SOJEStock · quarterly payer
Forward Yield
6.71%
Annual Dividend
$1.05
Payout Ratio
—
5-Yr Growth
—
Ex-Date
—
Frequency
Quarterly
Key facts about SOJE's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Southern Company (The) Series 2 (SOJE) has a forward dividend yield of 6.71%, based on an annual dividend of $1.05 per share and a share price of $15.67.
- As of Oct 18, 2026, SOJE's dividend safety grade from SmarterDividends is B (66 out of 100), which rates the dividend as safe.
- SOJE has never cut its regular dividend in the payment history SmarterDividends has on record.
- SOJE's most recent ex-dividend date was Oct 14, 2026, for a dividend of $0.26 per share.
- As of Oct 18, 2026, SOJE's 6.71% yield is 50% above its five-year average yield of 4.46%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for SOJE is $23.03 per share, 47% above the $15.67 share price, so SOJE screens as undervalued.
- Southern Company (The) Series 2 (SOJE) pays its dividend quarterly, 4 times a year.
- Southern Company (The) Series 2 (SOJE) has raised its regular dividend 0 times and cut it 0 times across the 21 payments on record since 2021. The regular dividend has not changed in that time.
Cite this page
SmarterDividends, "SOJE Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/SOJE
Summary
As of Oct 18, 2026, Southern Company (The) Series 2 (SOJE) yields 6.71% ($1.05 a year per share) and has a dividend safety grade of B (66/100).
Is SOJE a good dividend stock?
Yes, with caveatsSouthern Company (The) Series 2 (SOJE) pays a quarterly dividend yielding 6.71% ($1.05/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.71%
- Payout Ratio
- —
- Annual Dividend
- $1.05
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- —
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- -38%
- 52-Week Range
- $15.28 – $18.81
- Dividend Safety
- B · 66/100
- Ever Cut?
- No
SOJE dividend raises and cuts
Southern Company (The) Series 2 (SOJE) has raised its regular dividend 0 times and cut it 0 times across the 21 payments on record since 2021. The regular dividend has not changed in that time.
Frequently Asked Questions
Is SOJE a good dividend stock?
Yes, with caveats. Southern Company (The) Series 2 (SOJE) pays a quarterly dividend yielding 6.71% ($1.05/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Is SOJE undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SOJE's fair value is about $23.03 versus a $15.67 share price — so it looks undervalued (+47% vs. fair value).
Is SOJE's dividend safe?
SOJE has a dividend-safety grade of B (66/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is SOJE's fair value?
Our blended fair-value estimate for SOJE is about $23.03 per share, roughly 47% above the current $15.67 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is SOJE a buy, hold, or sell?
We don't issue formal ratings, but on the data SOJE screens as "yes, with caveats" and undervalued. Southern Company (The) Series 2 (SOJE) pays a quarterly dividend yielding 6.71% ($1.05/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will SOJE cut its dividend?
SOJE earns a dividend-safety grade of B (66/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does SOJE pay a dividend?
Yes. Southern Company (The) Series 2 pays a quarterly dividend of about $1.05 per share annually, a forward yield of roughly 6.71%.
What is SOJE's dividend yield?
As of Oct 18, 2026, SOJE's forward dividend yield is 6.71%, based on a $1.05 annual dividend and a $15.67 share price.
What is SOJE's dividend per share?
As of Oct 18, 2026, SOJE pays $1.05 per share per year, distributed on a quarterly basis.
How many years has SOJE grown its dividend?
SOJE does not currently have a long dividend-growth streak on record.
When is the next SOJE ex-dividend date?
As of Oct 18, 2026, SOJE's next ex-dividend date hasn't been announced. The most recent was Oct 14, 2026, for $0.26 per share.
SOJE Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
-20%
5 Years
-38%
52-Week Range
$15.28 – $18.81
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SOJE worth?
Undervaluedlow confidenceOur blended fair-value estimate for Southern Company (The) Series 2 is $23.03 per share, versus a market price of $15.67. That implies 47% of upside — a margin of safety of about 32%.
Fair Value
$23.03
Current Price
$15.67
Upside
+47%
Margin of Safety
32%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 9.2% growth for five years fading to 2.5% over the next five, $1.05 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SOJE Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full SOJE dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 14, 2026 | Oct 15, 2026 | $0.2630 | regular |
| Jul 14, 2026 | Jul 15, 2026 | $0.2630 | regular |
| Apr 14, 2026 | Apr 15, 2026 | $0.2630 | regular |
| Jan 14, 2026 | Jan 15, 2026 | $0.2630 | regular |
| Oct 14, 2025 | Oct 15, 2025 | $0.2630 | regular |
| Jul 14, 2025 | Jul 15, 2025 | $0.2630 | regular |
| Apr 14, 2025 | Apr 15, 2025 | $0.2630 | regular |
| Jan 14, 2025 | Jan 15, 2025 | $0.2630 | regular |
| Oct 11, 2024 | Oct 15, 2024 | $0.2630 | regular |
| Jul 12, 2024 | Jul 15, 2024 | $0.2630 | regular |
| Apr 11, 2024 | Apr 15, 2024 | $0.2630 | regular |
| Jan 11, 2024 | Jan 16, 2024 | $0.2630 | regular |
| Oct 12, 2023 | Oct 16, 2023 | $0.2630 | regular |
| Jul 13, 2023 | Jul 17, 2023 | $0.2630 | regular |
Income Calculator
At $1.05 / yr per share
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