SmarterDividends

BIP-PB vs SO: Which Is the Better Dividend Stock?

As of September 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. BIP-PB offers the higher yield at 7.61%, SO has the higher dividend-safety score, and BIP-PB trades at the larger discount to fair value (+66%).

MetricBIP-PBSO
Forward yield7.61%3.46%
Annual dividend$1.25$3.04
Payout ratio72%
Years of growth0 yr25 yr
5-yr dividend growth3.0%
5-yr total return-36%41%
Dividend safety score69 (B)90 (A)
Fair value estimate$27.40$96.70
Upside to fair value+66%+10%
Frequencyquarterlyquarterly
Market cap$100.3B
P/E ratio13.821.2

Higher yield

BIP-PB

7.61%

Safer dividend

SO

Grade A

Faster growth

SO

3.0%

Better value

BIP-PB

+66% upside

BIP-PB vs SO — FAQ

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