NPIFF vs SO: Which Is the Better Dividend Stock?
As of Oct 22, 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. SO offers the higher yield at 3.36%, SO has the higher dividend-safety score, and NPIFF looks like the better value (its fair-value estimate is 130% above its share price).
Key facts: NPIFF vs SO
Data as of · Source: SmarterDividends data
- As of Oct 22, 2026, The Southern Company (SO) has the higher forward dividend yield at 3.36%, versus 3.20% for Northland Power Inc. (NPIFF).
- As of Oct 22, 2026, SmarterDividends grades NPIFF's dividend safety C (50/100) and SO's A (90/100).
- By SmarterDividends' count as of Oct 22, 2026, NPIFF has raised its dividend for 0 consecutive years and SO for 25.
- As of Oct 22, 2026, NPIFF pays out 121% of its earnings as dividends and SO pays out 72%.
- As of Oct 22, 2026, NPIFF's fair-value estimate is 130% above its share price and SO's fair-value estimate is 2% above its share price, so NPIFF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NPIFF vs SO: Dividend Yield, Safety & Value Compared," updated Oct 22, 2026, https://smarterdividends.com/compare/npiff-vs-so
| Metric | NPIFF | SO |
|---|---|---|
| Forward yield | 3.20% | 3.36% |
| Annual dividend | $0.51 | $3.04 |
| Payout ratio | 121% | 72% |
| Years of growth | 0 yr | 25 yr |
| 5-yr dividend growth | -1.0% | 3.0% |
| 5-yr total return | -47% | 49% |
| Dividend safety score | 50 (C) | 90 (A) |
| Fair value estimate | $36.49 | $91.87 |
| Upside to fair value | +130% | +2% |
| Frequency | monthly | quarterly |
| Market cap | $4.1B | $104.0B |
| P/E ratio | — | 21.8 |
Higher yield
SO
3.36%
Safer dividend
SO
Grade A
Faster growth
SO
3.0%
Better value
NPIFF
+130% upside
NPIFF vs SO — FAQ
Is NPIFF or SO a better dividend stock?
On the data, SO wins more head-to-head categories (7 vs 1). SO offers the higher yield (3.36%), 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, NPIFF or SO?
SO has the higher forward dividend yield at 3.36%, versus 3.20% for NPIFF.
Is NPIFF or SO safer?
SO has the higher dividend-safety score (90/100 vs 50/100), reflecting stronger payout coverage and dividend-growth history.
Is NPIFF or SO better value right now?
As of Oct 22, 2026, NPIFF looks like the better value: its fair-value estimate is 130% above its share price (undervalued). For SO, its fair-value estimate is 2% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.