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NEW YORK ( TheStreet) -- The ex-dividend date for Southern (NYSE: SO) is tomorrow, November 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $43.24 as of 9:36 a.m. ET, the dividend yield is 4.4%. The average volume for Southern has been 7.3 million shares per day over the past 30 days. Southern has a market cap of $37.1 billion and is part of the utilities sector and utilities industry. Shares are up 11.6% year to date as of the close of trading on Tuesday. Southern Company, through its subsidiaries, operates as a utility company that provides electric service in the southeastern United States. The company generates, transmits, and distributes electricity through coal, nuclear, oil and gas, and hydro resources. The company has a P/E ratio of 17.7, below the average utilities industry P/E ratio of 31.8 and equal to the S&P 500 P/E ratio of 17.7.