Southern (SO) Payout Ratio (2009 - 2026)
Southern's Payout Ratio came in at 0.67 for Q2 2026, down 3.7% from 0.69 a year earlier and down 4.9% from the prior quarter.
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Analysis
Southern (SO) Payout Ratio (2009 - 2026) Analysis & Trends
For FY2025, Southern's Payout Ratio was 0.69, up 3.5% from FY2024.
- Going back by year, Payout Ratio was 0.67 in FY2024 (-12.1%), 0.76 in FY2023 (-7.5%), 0.82 in FY2022 (-28.9%) and 1.16 in FY2021 (+34.8%).
- The Q2 2026 figure represents the lowest quarterly Payout Ratio since Q4 2019.
- Year-over-year, Payout Ratio has declined for six consecutive quarters, with an average decline of 11.3% over the last eight quarters.
- The fastest year-over-year change in Payout Ratio over five years came in Q1 2022 (growth of 52.9%), and the weakest in Q4 2025 (a decline of 34.8%).
- Business Quant data shows SO's Payout Ratio at 0.70 (Q1 2026), 0.69 (Q4 2025) and 0.67 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Nextera Energy | 172.18 Bn | 170.30 Bn | - |
| 2 | Southern | 106.86 Bn | 97.91 Bn | 5.92 Bn |
| 3 | Duke Energy | 97.23 Bn | 95.83 Bn | 6.74 Bn |
| 4 | National Grid | 85.13 Bn | 57.46 Bn | - |
| 5 | American Electric Power | 70.60 Bn | 68.98 Bn | 3.84 Bn |
| 6 | Dominion Energy | 57.38 Bn | 60.06 Bn | - |
| 7 | Sempra | 54.97 Bn | 54.10 Bn | 2.89 Bn |
| 8 | Entergy | 50.09 Bn | 39.27 Bn | - |
| 9 | Xcel Energy | 48.73 Bn | 43.64 Bn | - |
| 10 | Exelon | 45.85 Bn | 41.17 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.67 |
| Mar 31, 2026 | 0.70 |
| Dec 31, 2025 | 0.69 |
| Sep 30, 2025 | 0.67 |
| Jun 30, 2025 | 0.69 |
| Mar 31, 2025 | 0.78 |
| Dec 31, 2024 | 1.07 |
| Sep 30, 2024 | 0.97 |
| Jun 30, 2024 | 1.01 |
| Mar 31, 2024 | 1.04 |
| Dec 31, 2023 | 1.07 |
| Sep 30, 2023 | 1.58 |
| Jun 30, 2023 | 1.53 |
| Mar 31, 2023 | 1.07 |
| Dec 31, 2022 | 0.82 |
| Sep 30, 2022 | 0.84 |
| Jun 30, 2022 | 0.93 |
| Mar 31, 2022 | 1.22 |
| Dec 31, 2021 | 1.16 |
| Sep 30, 2021 | 0.92 |
API Access
Southern Payout Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=payout-ratio&ticker=SO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payout-ratio", "ticker": "SO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=payout-ratio&ticker=SO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();