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Southern Co. registers up to $817.4M worth of common shares

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Southern Co. registers up to $817.4M worth of common shares

Southern Co. registered up to 19,050,962 shares of its common stock, to be issued under a direct stock purchase and dividend reinvestment plan.

The Southern investment plan allows investors to purchase shares of the company's common stock and reinvest cash dividends in the purchase of additional shares.

The shares, having a proposed maximum offering price of $42.905 per share, will have a maximum offering price of up to $817.4 million, according to a Feb. 26 automatic shelf registration statement.

The company intends to use proceeds from any direct sale of the shares for general corporate purposes.