CEG vs SO: Which Is the Better Dividend Stock?
As of Oct 8, 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. SO offers the higher yield at 3.56%, SO has the higher dividend-safety score, and SO looks like the better value (its fair-value estimate is 8% above its share price).
Key facts: CEG vs SO
Data as of · Source: SmarterDividends data
- As of Oct 8, 2026, The Southern Company (SO) has the higher forward dividend yield at 3.56%, versus 0.57% for Constellation Energy Corporation (CEG).
- As of Oct 8, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and SO's A (90/100).
- By SmarterDividends' count as of Oct 8, 2026, CEG has raised its dividend for 3 consecutive years and SO for 25.
- As of Oct 8, 2026, CEG pays out 16% of its earnings as dividends and SO pays out 72%.
- As of Oct 8, 2026, CEG's fair-value estimate is 11% below its share price and SO's fair-value estimate is 8% above its share price, so SO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs SO: Dividend Yield, Safety & Value Compared," updated Oct 8, 2026, https://smarterdividends.com/compare/ceg-vs-so
| Metric | CEG | SO |
|---|---|---|
| Forward yield | 0.57% | 3.56% |
| Annual dividend | $1.71 | $3.04 |
| Payout ratio | 16% | 72% |
| Years of growth | 3 yr | 25 yr |
| 5-yr dividend growth | — | 3.0% |
| 5-yr total return | 436% | 34% |
| Dividend safety score | 77 (B) | 90 (A) |
| Fair value estimate | $267.00 | $92.07 |
| Upside to fair value | -11% | +8% |
| Frequency | quarterly | quarterly |
| Market cap | $106.1B | $98.3B |
| P/E ratio | 29.3 | 20.6 |
Higher yield
SO
3.56%
Safer dividend
SO
Grade A
Faster growth
SO
3.0%
Better value
SO
+8% upside
CEG vs SO — FAQ
Is CEG or SO a better dividend stock?
On the data, SO wins more head-to-head categories (5 vs 2). SO offers the higher yield (3.56%), 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, CEG or SO?
SO has the higher forward dividend yield at 3.56%, versus 0.57% for CEG.
Is CEG or SO safer?
SO has the higher dividend-safety score (90/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or SO better value right now?
As of Oct 8, 2026, SO looks like the better value: its fair-value estimate is 8% above its share price (fairly valued). For CEG, its fair-value estimate is 11% below its share price.
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.