BEP vs SO: Which Is the Better Dividend Stock?
As of Oct 27, 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. BEP offers the higher yield at 5.49%, SO has the higher dividend-safety score, and SO looks like the better value (its fair-value estimate is 1% below its share price).
Key facts: BEP vs SO
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Brookfield Renewable Partners L.P. (BEP) has the higher forward dividend yield at 5.49%, versus 3.28% for The Southern Company (SO).
- As of Oct 27, 2026, SmarterDividends grades BEP's dividend safety C (64/100) and SO's A (90/100).
- By SmarterDividends' count as of Oct 27, 2026, BEP has raised its dividend for 11 consecutive years and SO for 25.
- As of Oct 27, 2026, BEP's fair-value estimate is 8% below its share price and SO's fair-value estimate is 1% below its share price, so SO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BEP vs SO: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/bep-vs-so
| Metric | BEP | SO |
|---|---|---|
| Forward yield | 5.49% | 3.28% |
| Annual dividend | $1.57 | $3.04 |
| Payout ratio | 1427% | 72% |
| Years of growth | 11 yr | 25 yr |
| 5-yr dividend growth | 5.2% | 3.0% |
| 5-yr total return | -21% | 52% |
| Dividend safety score | 64 (C) | 90 (A) |
| Fair value estimate | $26.39 | $91.60 |
| Upside to fair value | -8% | -1% |
| Frequency | quarterly | quarterly |
| Market cap | $13.9B | $106.5B |
| P/E ratio | — | 22.3 |
Higher yield
BEP
5.49%
Safer dividend
SO
Grade A
Faster growth
BEP
5.2%
Better value
SO
-1% upside
BEP vs SO — FAQ
Is BEP or SO a better dividend stock?
On the data, SO wins more head-to-head categories (6 vs 2). BEP offers the higher yield (5.49%), while SO has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, BEP or SO?
BEP has the higher forward dividend yield at 5.49%, versus 3.28% for SO.
Is BEP or SO safer?
SO has the higher dividend-safety score (90/100 vs 64/100), reflecting stronger payout coverage and dividend-growth history.
Is BEP or SO better value right now?
As of Oct 27, 2026, SO looks like the better value: its fair-value estimate is 1% below its share price (fairly valued). For BEP, its fair-value estimate is 8% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.