NEE vs SO: Which Is the Better Dividend Stock?
As of Oct 8, 2026, NEE (NextEra Energy, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. SO offers the higher yield at 3.56%, NEE has the higher dividend-safety score, and NEE looks like the better value (its fair-value estimate is 9% above its share price).
Key facts: NEE vs SO
Data as of · Source: SmarterDividends data
- As of Oct 8, 2026, The Southern Company (SO) has the higher forward dividend yield at 3.56%, versus 3.23% for NextEra Energy, Inc. (NEE).
- As of Oct 8, 2026, SmarterDividends grades NEE's dividend safety A (90/100) and SO's A (90/100).
- By SmarterDividends' count as of Oct 8, 2026, NEE has raised its dividend for 30 consecutive years and SO for 25.
- As of Oct 8, 2026, NEE pays out 53% of its earnings as dividends and SO pays out 72%.
- As of Oct 8, 2026, NEE's fair-value estimate is 9% above its share price and SO's fair-value estimate is 8% above its share price, so NEE looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NEE vs SO: Dividend Yield, Safety & Value Compared," updated Oct 8, 2026, https://smarterdividends.com/compare/nee-vs-so
| Metric | NEE | SO |
|---|---|---|
| Forward yield | 3.23% | 3.56% |
| 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% | 34% |
| Dividend safety score | 90 (A) | 90 (A) |
| Fair value estimate | $83.65 | $92.07 |
| Upside to fair value | +9% | +8% |
| Frequency | quarterly | quarterly |
| Market cap | $160.7B | $98.3B |
| P/E ratio | 17.3 | 20.6 |
Higher yield
SO
3.56%
Safer dividend
NEE
Grade A
Faster growth
NEE
10.1%
Better value
NEE
+9% upside
NEE vs SO — FAQ
Is NEE or SO a better dividend stock?
On the data, NEE wins more head-to-head categories (4 vs 3). SO offers the higher yield (3.56%), while NEE has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, NEE or SO?
SO has the higher forward dividend yield at 3.56%, versus 3.23% for NEE.
Is NEE or SO safer?
NEE has the higher dividend-safety score (90/100 vs 90/100), reflecting stronger payout coverage and dividend-growth history.
Is NEE or SO better value right now?
As of Oct 8, 2026, NEE looks like the better value: its fair-value estimate is 9% above its share price (fairly valued). For SO, its fair-value estimate is 8% above its share price.
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.