Alabama Power 5% Class A Preferred Stock Cumulative

By: ,

Date Issued  9/5/2017

Shares Issued   10,000,000   Overallotment   None

S&P Rating   BBB   Moodys Rating   A3


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


Click here to find the offering Prospectus and Final Pricing Document


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Tim McPartland
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.
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