BIPC vs SO: Which Is the Better Dividend Stock?
As of Oct 18, 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. BIPC offers the higher yield at 4.82%, SO has the higher dividend-safety score, and SO looks like the better value (its fair-value estimate is 1% above its share price).
Key facts: BIPC vs SO
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Brookfield Infrastructure Corporation (BIPC) has the higher forward dividend yield at 4.82%, versus 3.33% for The Southern Company (SO).
- As of Oct 18, 2026, SmarterDividends grades BIPC's dividend safety B (73/100) and SO's A (90/100).
- By SmarterDividends' count as of Oct 18, 2026, BIPC has raised its dividend for 5 consecutive years and SO for 25.
- As of Oct 18, 2026, BIPC pays out 16% of its earnings as dividends and SO pays out 72%.
- As of Oct 18, 2026, BIPC's fair-value estimate is 11% below its share price and SO's fair-value estimate is 1% above its share price, so SO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BIPC vs SO: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/bipc-vs-so
| Metric | BIPC | SO |
|---|---|---|
| Forward yield | 4.82% | 3.33% |
| Annual dividend | $1.82 | $3.04 |
| Payout ratio | 16% | 72% |
| Years of growth | 5 yr | 25 yr |
| 5-yr dividend growth | 5.9% | 3.0% |
| 5-yr total return | -4% | 49% |
| Dividend safety score | 73 (B) | 90 (A) |
| Fair value estimate | $33.51 | $91.87 |
| Upside to fair value | -11% | +1% |
| Frequency | quarterly | quarterly |
| Market cap | $4.6B | $104.9B |
| P/E ratio | — | 22.0 |
Higher yield
BIPC
4.82%
Safer dividend
SO
Grade A
Faster growth
BIPC
5.9%
Better value
SO
+1% upside
BIPC vs SO — FAQ
Is BIPC or SO a better dividend stock?
On the data, SO wins more head-to-head categories (5 vs 3). BIPC offers the higher yield (4.82%), 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, BIPC or SO?
BIPC has the higher forward dividend yield at 4.82%, versus 3.33% for SO.
Is BIPC or SO safer?
SO has the higher dividend-safety score (90/100 vs 73/100), reflecting stronger payout coverage and dividend-growth history.
Is BIPC or SO better value right now?
As of Oct 18, 2026, SO looks like the better value: its fair-value estimate is 1% above its share price (fairly valued). For BIPC, its fair-value estimate is 11% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.