SmarterDividends

ERRAF vs SO: Which Is the Better Dividend Stock?

As of July 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. ERRAF offers the higher yield at 6.43%, SO has the higher dividend-safety score, and ERRAF trades at the larger discount to fair value (-1%).

MetricERRAFSO
Forward yield6.43%3.19%
Annual dividend$1.17$3.04
Payout ratio76%
Years of growth0 yr25 yr
5-yr dividend growth6.4%3.0%
5-yr total return-3%45%
Dividend safety score72 (B)90 (A)
Fair value estimate$18.12$93.61
Upside to fair value-1%-2%
Frequencymonthlyquarterly
Market cap$106.5B
P/E ratio10.324.4

Higher yield

ERRAF

6.43%

Safer dividend

SO

Grade A

Faster growth

ERRAF

6.4%

Better value

ERRAF

-1% upside

ERRAF vs SO — FAQ

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