SmarterDividends

ED vs SO: Which Is the Better Dividend Stock?

As of August 2026, ED (Consolidated Edison, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SO offers the higher yield at 3.28%, ED has the higher dividend-safety score, and SO trades at the larger discount to fair value (+5%).

MetricEDSO
Forward yield3.25%3.28%
Annual dividend$3.51$3.04
Payout ratio57%72%
Years of growth44 yr25 yr
5-yr dividend growth2.1%3.0%
5-yr total return43%41%
Dividend safety score92 (A)90 (A)
Fair value estimate$106.95$96.95
Upside to fair value-1%+5%
Frequencyquarterlyquarterly
Market cap$39.9B$106.6B
P/E ratio17.822.3

Higher yield

SO

3.28%

Safer dividend

ED

Grade A

Faster growth

SO

3.0%

Better value

SO

+5% upside

ED vs SO — FAQ

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