OGE vs SO: Which Is the Better Dividend Stock?
As of September 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 6 of 7 head-to-head metrics. OGE offers the higher yield at 3.74%, OGE has the higher dividend-safety score, and SO trades at the larger discount to fair value (+13%).
| Metric | OGE | SO |
|---|---|---|
| Forward yield | 3.74% | 3.55% |
| Annual dividend | $1.70 | $3.04 |
| Payout ratio | 75% | 72% |
| Years of growth | 19 yr | 25 yr |
| 5-yr dividend growth | 1.5% | 3.0% |
| 5-yr total return | 34% | 37% |
| Dividend safety score | 90 (A) | 90 (A) |
| Fair value estimate | $51.41 | $96.70 |
| Upside to fair value | +13% | +13% |
| Frequency | quarterly | quarterly |
| Market cap | $9.4B | $98.4B |
| P/E ratio | 20.0 | 20.6 |
Higher yield
OGE
3.74%
Safer dividend
OGE
Grade A
Faster growth
SO
3.0%
Better value
SO
+13% upside
OGE vs SO — FAQ
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