SmarterDividends

CMS-PC 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. CMS-PC offers the higher yield at 6.58%, SO has the higher dividend-safety score, and CMS-PC trades at the larger discount to fair value (+88%).

MetricCMS-PCSO
Forward yield6.58%3.46%
Annual dividend$1.05$3.04
Payout ratio72%
Years of growth0 yr25 yr
5-yr dividend growth3.0%
5-yr total return-35%41%
Dividend safety score64 (C)90 (A)
Fair value estimate$30.24$96.70
Upside to fair value+88%+10%
Frequencyquarterlyquarterly
Market cap$100.3B
P/E ratio3.521.2

Higher yield

CMS-PC

6.58%

Safer dividend

SO

Grade A

Faster growth

SO

3.0%

Better value

CMS-PC

+88% upside

CMS-PC vs SO — FAQ

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