BIP vs SO: Which Is the Better Dividend Stock?
As of September 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. BIP offers the higher yield at 5.00%, SO has the higher dividend-safety score, and SO trades at the larger discount to fair value (+10%).
| Metric | BIP | SO |
|---|---|---|
| Forward yield | 5.00% | 3.46% |
| Annual dividend | $1.82 | $3.04 |
| Payout ratio | 285% | 72% |
| Years of growth | 17 yr | 25 yr |
| 5-yr dividend growth | 5.9% | 3.0% |
| 5-yr total return | -1% | 41% |
| Dividend safety score | 78 (B) | 90 (A) |
| Fair value estimate | $27.21 | $96.70 |
| Upside to fair value | -27% | +10% |
| Frequency | quarterly | quarterly |
| Market cap | $29.2B | $100.3B |
| P/E ratio | 58.5 | 21.2 |
Higher yield
BIP
5.00%
Safer dividend
SO
Grade A
Faster growth
BIP
5.9%
Better value
SO
+10% upside
BIP vs SO — FAQ
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