HRNNF vs SO: Which Is the Better Dividend Stock?
As of Nov 5, 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 4 of 5 head-to-head metrics. SO offers the higher yield at 3.26%, SO has the higher dividend-safety score, and SO looks like the better value (its fair-value estimate is 3% below its share price).
Key facts: HRNNF vs SO
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, The Southern Company (SO) has the higher forward dividend yield at 3.26%, versus 2.43% for Hydro One Limited (HRNNF).
- By SmarterDividends' count as of Nov 5, 2026, HRNNF has raised its dividend for 0 consecutive years and SO for 25.
- As of Nov 5, 2026, HRNNF pays out 57% of its earnings as dividends and SO pays out 72%.
- As of Nov 5, 2026, HRNNF's fair-value estimate is 47% below its share price and SO's fair-value estimate is 3% below its share price, so SO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HRNNF vs SO: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/hrnnf-vs-so
| Metric | HRNNF | SO |
|---|---|---|
| Forward yield | 2.43% | 3.26% |
| Annual dividend | $1.00 | $3.04 |
| Payout ratio | 57% | 72% |
| Years of growth | 0 yr | 25 yr |
| 5-yr dividend growth | — | 3.0% |
| 5-yr total return | — | 53% |
| Dividend safety score | — | 90 (A) |
| Fair value estimate | $21.78 | $91.57 |
| Upside to fair value | -47% | -3% |
| Frequency | quarterly | quarterly |
| Market cap | $24.7B | $108.5B |
| P/E ratio | 24.1 | 22.7 |
Higher yield
SO
3.26%
Safer dividend
SO
Grade A
Faster growth
SO
3.0%
Better value
SO
-3% upside
HRNNF vs SO — FAQ
Is HRNNF or SO a better dividend stock?
On the data, SO wins more head-to-head categories (4 vs 1). SO offers the higher yield (3.26%), 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, HRNNF or SO?
SO has the higher forward dividend yield at 3.26%, versus 2.43% for HRNNF.
Is HRNNF or SO safer?
Compare each stock's payout ratio, growth streak and cut history on its detail page to judge safety.
Is HRNNF or SO better value right now?
As of Nov 5, 2026, SO looks like the better value: its fair-value estimate is 3% below its share price (fairly valued). For HRNNF, its fair-value estimate is 47% below its share price.
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