NJR vs SO: Which Is the Better Dividend Stock?
As of September 2026, NJR (New Jersey Resources Corporation) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. NJR offers the higher yield at 3.56%, NJR has the higher dividend-safety score, and NJR trades at the larger discount to fair value (+27%).
| Metric | NJR | SO |
|---|---|---|
| Forward yield | 3.56% | 3.45% |
| Annual dividend | $1.90 | $3.04 |
| Payout ratio | 53% | 72% |
| Years of growth | 30 yr | 25 yr |
| 5-yr dividend growth | 7.4% | 3.0% |
| 5-yr total return | 53% | 42% |
| Dividend safety score | 93 (A) | 90 (A) |
| Fair value estimate | $67.79 | $96.70 |
| Upside to fair value | +27% | +10% |
| Frequency | quarterly | quarterly |
| Market cap | $5.4B | $101.4B |
| P/E ratio | 14.8 | 21.2 |
Higher yield
NJR
3.56%
Safer dividend
NJR
Grade A
Faster growth
NJR
7.4%
Better value
NJR
+27% upside
NJR vs SO — FAQ
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