Alabama Power declares dividends

BIRMINGHAM, Ala., April 16, 2015 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock and preference stock as follows:

Preferred Stock

($100 Par Value)

4.20% - $1.05 per share

4.52% - $1.13 per share

4.60% - $1.15 per share

4.64% - $1.16 per share

4.72% - $1.18 per share

4.92% - $1.23 per share

Class A Preferred Stock

($25 Capital Value)

5.83% - $.3644 per share

Preference Stock

($25 Capital Value)

6.45% - $.403125 per share

6.50% - $.406250 per share

These dividends are for the quarter ending June 30, 2015, payable July 1, 2015, to shareholders of record on June 16, 2015.

Alabama Power has announced plans to redeem the 5.20% Class A Preferred Stock, 5.30% Class A Preferred Stock and 5.625% Preference Stock. Accrued and unpaid dividends to the date of redemption shall be paid for such securities to shareholders of record on the redemption date.

Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable electricity to more than 1.4 million customers at a total retail price that has been below the national average for decades. Learn more at www.alabamapower.com.

SOURCE Alabama Power Company

For further information: Michael Sznajderman, msznajde@southernco.com