NEE vs SO: Which Is the Better Dividend Stock?
As of August 2026, SO (Southern Company (The)) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. SO offers the higher yield at 3.28%, NEE has the higher dividend-safety score, and SO trades at the larger discount to fair value (+4%).
| Metric | NEE | SO |
|---|---|---|
| Forward yield | 2.89% | 3.28% |
| Annual dividend | $2.49 | $3.04 |
| Payout ratio | 53% | 72% |
| Years of growth | 30 yr | 25 yr |
| 5-yr dividend growth | 10.1% | 3.0% |
| 5-yr total return | 10% | 50% |
| Dividend safety score | 90 (A) | 90 (A) |
| Fair value estimate | $80.82 | $96.95 |
| Upside to fair value | -6% | +4% |
| Frequency | quarterly | quarterly |
| Market cap | $179.8B | $106.8B |
| P/E ratio | 19.4 | 22.4 |
Higher yield
SO
3.28%
Safer dividend
NEE
Grade A
Faster growth
NEE
10.1%
Better value
SO
+4% upside
NEE vs SO — FAQ
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