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.
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TheStreet Ratings rates Southern as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, increase in net income and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Southern Ratings Report.

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