SmarterDividends

NRG vs SO: Which Is the Better Dividend Stock?

As of July 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. SO offers the higher yield at 3.19%, SO has the higher dividend-safety score.

MetricNRGSO
Forward yield1.47%3.19%
Annual dividend$1.90$3.04
Payout ratio197%76%
Years of growth6 yr25 yr
5-yr dividend growth8.0%3.0%
5-yr total return183%45%
Dividend safety score58 (C)90 (A)
Fair value estimate$93.61
Upside to fair value-2%
Frequencyquarterlyquarterly
Market cap$27.6B$106.5B
P/E ratio143.524.4

Higher yield

SO

3.19%

Safer dividend

SO

Grade A

Faster growth

NRG

8.0%

NRG vs SO — FAQ

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