BKH vs SO: Which Is the Better Dividend Stock?
As of September 2026, BKH (Black Hills Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. BKH offers the higher yield at 3.99%, BKH has the higher dividend-safety score, and SO trades at the larger discount to fair value (+13%).
| Metric | BKH | SO |
|---|---|---|
| Forward yield | 3.99% | 3.64% |
| Annual dividend | $2.81 | $3.04 |
| Payout ratio | 69% | 72% |
| Years of growth | 30 yr | 25 yr |
| 5-yr dividend growth | 4.5% | 3.0% |
| 5-yr total return | 6% | 37% |
| Dividend safety score | 92 (A) | 90 (A) |
| Fair value estimate | $69.92 | $96.70 |
| Upside to fair value | -1% | +13% |
| Frequency | quarterly | quarterly |
| Market cap | $5.3B | $95.9B |
| P/E ratio | 17.6 | 20.1 |
Higher yield
BKH
3.99%
Safer dividend
BKH
Grade A
Faster growth
BKH
4.5%
Better value
SO
+13% upside
BKH vs SO — FAQ
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