ES 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 7 head-to-head metrics. ES offers the higher yield at 4.64%, SO has the higher dividend-safety score, and SO trades at the larger discount to fair value (+11%).
| Metric | ES | SO |
|---|---|---|
| Forward yield | 4.64% | 3.53% |
| Annual dividend | $3.15 | $3.04 |
| Payout ratio | 80% | 72% |
| Years of growth | 25 yr | 25 yr |
| 5-yr dividend growth | 5.8% | 3.0% |
| 5-yr total return | -16% | 41% |
| Dividend safety score | 80 (A) | 90 (A) |
| Fair value estimate | $75.99 | $96.70 |
| Upside to fair value | +11% | +11% |
| Frequency | quarterly | quarterly |
| Market cap | $26.0B | $99.8B |
| P/E ratio | 17.6 | 20.8 |
Higher yield
ES
4.64%
Safer dividend
SO
Grade A
Faster growth
ES
5.8%
Better value
SO
+11% upside
ES vs SO — FAQ
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