AQN vs SO: Which Is the Better Dividend Stock?
As of August 2026, SO (Southern Company (The)) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. AQN offers the higher yield at 4.56%, SO has the higher dividend-safety score, and SO trades at the larger discount to fair value (+9%).
| Metric | AQN | SO |
|---|---|---|
| Forward yield | 4.56% | 3.42% |
| Annual dividend | $0.26 | $3.04 |
| Payout ratio | 108% | 72% |
| Years of growth | 0 yr | 25 yr |
| 5-yr dividend growth | -15.6% | 3.0% |
| 5-yr total return | -61% | 44% |
| Dividend safety score | 46 (D) | 90 (A) |
| Fair value estimate | $6.06 | $96.77 |
| Upside to fair value | +6% | +9% |
| Frequency | quarterly | quarterly |
| Market cap | $4.4B | $102.3B |
| P/E ratio | 23.8 | 21.4 |
Higher yield
AQN
4.56%
Safer dividend
SO
Grade A
Faster growth
SO
3.0%
Better value
SO
+9% upside
AQN vs SO — FAQ
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