Alabama Power 5% Class A Preferred Stock Cumulative
By: Tim McPartland,
Date Issued 9/5/2017
Shares Issued 10,000,000 Overallotment None
S&P Rating BBB Moodys Rating A3
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Security Ticker Symbol Not Announced OTC Grey Market Ticker ABBLP
Market Traded ON NYSE
Dividend Payment Paid on the 1st of January, April, July and October beginning on 10/01/2017
Quarterly Dividend .3125 Annual Dividend 1.25
Securities may be redeemed, at the issuers option, as early as 10/01/2022 for a redemption price of $25/share plus accrued dividends.
Dividend Payment Likely Will be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for Alabama Power
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Click here to find the offering Prospectus and Final Pricing Document
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
