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How long does it take to purchase shares through the Southern Investment Plan with optional cash payments?
There are two investment periods each month on the 10th and the 25th. A typical purchase scenario for the 10th of any month follows:
- 7th - your check must be received 3 business days before the investment date.
- 8th - an advice is mailed confirming that check was received and credited to account
- 10th - trade request made to independent broker-dealer to begin purchasing shares on the open market.
- 13th - 3 days later the trade settles, shares are received from broker and credited to stockholder account
- 14th - Transaction Advice is mailed to stockholder reflecting shares purchased for account.
- Review the Prospectus for complete Plan provisions and guidelines
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How long does it take to purchase shares through the Southern Investment Plan with reinvested dividends?
There is one investment period each quarter generally on the 6th of March, June, September and December. A purchase scenario for a typical quarter follows:
- 3rd - Independent broker-dealer is provided with tentative amount of reinvested dividends and can begin purchasing shares on the open market
- 6th - Dividend Payment Date
- ?th - After a period of days and trades, when final trade settles, shares are received from the broker and credited to respective stockholder accounts. Note: Purchases will generally be completed within 30 days of the dividend payment date on the 6th.
- Following the end of each calendar quarter of March 31, June 30, September 30 and December 31, a comprehensive account statement reflecting all account activity including the purchase of shares with reinvested dividends is mailed.
- Review the Prospectus for complete Plan provisions and guidelines
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How long does it take to sell shares through the Southern Investment Plan?
The sale of shares requires specific written instructions signed by the account owner. A typical sale process follows:
- Day 1 - Once a week or within 5 days of receipt of request, sale instructions are provided to the independent broker dealer to sell shares on the open market
- Day 4 - 3 days after the purchase, the trade settles and the broker transmits the proceeds
- Day 4 - A check is produced and mailed on this settlement date
- Review the Prospectus for complete Plan provisions and guidelines
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When I try to sign up for internet access I have to put in my Security Code. What is my Security Code?
- The Security Code is the last four digits of the Tax ID on the account.
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How do I change my address?
- Promptly notify Stockholder Services when you move so that your account records can be updated. The easiest way to do this is to use your dividend check or account statement stub to provide your new address and return the form to Stockholder Services. This can also be done by telephone. Please be prepared to provide your social security number, previous address, and account number which can be found on check stubs, Investment Plan statements, and 1099 tax forms.
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How do I consolidate multiple accounts registered in the same name?
- If you have multiple accounts and receive more than one check or statement, call Stockholder Services at 1-800-554-7626.
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I haven't received my dividend check. Can I get a replacement?
- Please allow 10 calendar days past the payment date to request a replacement. Example March 16 for the March 6 payment date. Call Stockholder Services at 1-800-554-7626 and request a replacement.
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How can I get my dividends sent electronically to my bank?
- Complete the Electronic Dividend Deposit Authorization form and return with a voided check or savings deposit slip.
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How can I transfer my Southern Company shares to my brokerage account?
Take any certificates to the broker. Your book-entry shares can be electronically transferred.
Give your broker the following information:
- Southern Company account number (top right portion of your Account Statement)
- Number of uncertificated book-entry shares in your account
- Social Security Number or tax id number on your account
- Southern Company's LPA number 7821
Your broker will perform a DRS (Direct Registration System) DO transaction through the Depository Trust Company's DRS system. As a result of this transaction, the uncertificated book-entry shares held in your account on the books of the company will be electronically transferred to your brokerage account. Once this process is completed, you will receive a transaction advice from us.
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How can I transfer Southern Company shares in my brokerage account to a registered account on the books of the Company?
- Instruct your broker to transfer your Southern Company shares to a registered account in Direct Registration form. Your broker's back office will perform a DRS SCL transaction to transfer your shares directly to the books of the company. Provide your broker with Southern Company DTC Transfer Agent FAST number 9958. Once the process is completed, you will receive a transaction advice from us.
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What should I do if I cannot find my stock certificates?
- Contact Stockholder Services and provide the certificate numbers that are lost or missing. Stops will be placed on the certificate(s) and replacement paperwork will be sent to you. Please be aware that a fee of 2% of the market value of the lost certificates will be charged by the bonding company to purchase an indemnity bond, which is required to replace the lost certificates.
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How do I transfer ownership of my shares?
- Click on Transfer & Service Forms for the information and forms you will need.
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What happens if I don't send in form W-9?
- IRS Form W-9 certifies that a "taxpayer identification number" is not subject to back up withholding. Under Internal Revenue Service (IRS) regulations, we are required to withhold taxes on certain payments, including dividends, unless we have a signed W-9 on file.
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Where is Southern Company common stock traded and under what symbol?
- Southern is listed and traded on the New York Stock Exchange. In addition, the stock is on regional exchanges across the United States and on the Berlin Stock Exchange. In the United States, the ticker symbol is SO, and the symbol SouthCo is used in newspaper stock listings.
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Has Southern Company had any stock splits?
- Southern Company has had two stock splits.
| January 5, 1966 |
2 for 1 |
Price $66 3/8 |
| February 28,1994 |
2 for 1 |
Price $41 1/8 |
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When is the record date for Southern Company common stock?
- The dividend record date is generally the first Monday of February, May, August and November.
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When is the Dividend Payment Date?
- Dividends are normally payable on the 6th of March, June, September and December.
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When is the Annual Meeting?
- The annual meeting is generally held on the fourth Wednesday of May.
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When is the quarterly earnings release made public?
- The Quarterly Earnings is generally released the third week after the close of the Quarter.
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