Southern

Southern Company's stock fell in premarket trading after the placement of a $2.375 billion convertible bond. The issue is split into two tranches ( $725m at 2.125% due Dec. 2027; $1.65bn at 3.50% due Sept. 2029) and is convertible into common shares, triggering shareholder dilution concerns. Part of the proceeds will be used to repay older convertibles (2024A), with the remainder for short-term liabilities and general corporate purposes. Despite adjusted Q2 earnings beating expectations and an increased full-year outlook, the size of the offering combined with a market rotation away from defensive utilities weighed on the stock. » Więcej na de.investing.com

Southern Company is offering convertible senior notes in a private placement in two series: Series 2026A for $725 million (coupon 2.125%, matures December 15, 2027) and Series 2026B for $1.65 billion (coupon 3.50%, matures September 15, 2029). Conversion prices are about $104.56 (12.5% premium) for 2026A and roughly $118.50 (27.5% premium) for 2026B; initial purchasers have an option to purchase additional notes. Southern Company expects net proceeds of about $721 million and $1.63 billion (rising to up to $829 million and $1.88 billion if fully exercised) and intends to use the proceeds to repurchase Series 2024A, pay short-term liabilities and for general corporate purposes. The closings are expected on August 6, 2026. » Więcej na de.investing.com

Southern Company is issuing two tranches of senior, unsecured convertible notes in a private placement to qualified institutional buyers: $650 million due December 15, 2027, and $1.5 billion due September 15, 2029, with purchase options to increase the size. Interest will be paid semiannually; final conversion prices and interest rates will be set at pricing. Conversion rights are restricted until certain dates; upon conversion the company will make cash payments up to the principal amount and may deliver cash, shares, or a combination. Part of the proceeds will be used to repurchase certain existing convertible notes; the remainder will be used to repay short-term debt and for general corporate purposes. The notes and the shares to be issued upon conversion have not been registered under the U.S. Securities Act. » Więcej na de.investing.com

Southern Company has announced a quarterly dividend of 76 cents per common share; payment will be made on September 8, 2026, to shareholders of record on August 17, 2026. The company has maintained or increased the payout for 79 years and has raised the dividend for 24 consecutive years. According to InvestingPro, the dividend yield is 3.19%, but the stock is rated as trading above its fair value. » Więcej na de.investing.com

Southern Company raised its quarterly dividend to $0.76 and reported Q1 2026 adjusted EPS of $1.32 on revenue of $8.40 billion, driven by higher wholesale kWh sales and growth at Southern Power and Southern Company Gas. Management attributes significant projected electricity demand to data centers and large customers, and FY2025 results showed revenue and EPS above prior-year levels. The report contrasts Southern’s regulated, cash-generating profile and 78-year dividend streak with speculative pre-revenue peers like Oklo, highlighting Southern’s dividend yield of about 3.14% and a forward P/E near 21. » Więcej na finance.yahoo.com