OGE vs SO: Which Is the Better Dividend Stock?
As of Nov 5, 2026, OGE and SO are closely matched. OGE offers the higher yield at 3.39%, OGE has the higher dividend-safety score, and OGE looks like the better value (its fair-value estimate is 0% below its share price).
Key facts: OGE vs SO
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, OGE Energy Corp. (OGE) has the higher forward dividend yield at 3.39%, versus 3.26% for The Southern Company (SO).
- As of Nov 5, 2026, SmarterDividends grades OGE's dividend safety A (92/100) and SO's A (90/100).
- By SmarterDividends' count as of Nov 5, 2026, OGE has raised its dividend for 19 consecutive years and SO for 25.
- As of Nov 5, 2026, OGE pays out 64% of its earnings as dividends and SO pays out 72%.
- As of Nov 5, 2026, OGE's fair-value estimate is 0% below its share price and SO's fair-value estimate is 3% below its share price, so OGE looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "OGE vs SO: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/oge-vs-so
| Metric | OGE | SO |
|---|---|---|
| Forward yield | 3.39% | 3.26% |
| Annual dividend | $1.72 | $3.04 |
| Payout ratio | 64% | 72% |
| Years of growth | 19 yr | 25 yr |
| 5-yr dividend growth | 1.5% | 3.0% |
| 5-yr total return | 44% | 53% |
| Dividend safety score | 92 (A) | 90 (A) |
| Fair value estimate | $50.65 | $91.57 |
| Upside to fair value | -0% | -3% |
| Frequency | quarterly | quarterly |
| Market cap | $10.5B | $108.5B |
| P/E ratio | 19.1 | 22.7 |
Higher yield
OGE
3.39%
Safer dividend
OGE
Grade A
Faster growth
SO
3.0%
Better value
OGE
-0% upside
OGE vs SO — FAQ
Is OGE or SO a better dividend stock?
OGE and SO are closely matched. OGE has the higher yield; OGE scores better on safety.
Which has a higher dividend yield, OGE or SO?
OGE has the higher forward dividend yield at 3.39%, versus 3.26% for SO.
Is OGE or SO safer?
OGE has the higher dividend-safety score (92/100 vs 90/100), reflecting stronger payout coverage and dividend-growth history.
Is OGE or SO better value right now?
As of Nov 5, 2026, OGE looks like the better value: its fair-value estimate is 0% below its share price (fairly valued). For SO, its fair-value estimate is 3% below its share price.
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