PEG vs SO: Which Is the Better Dividend Stock?
As of Nov 5, 2026, PEG and SO are closely matched. PEG offers the higher yield at 3.66%, PEG has the higher dividend-safety score, and PEG looks like the better value (its fair-value estimate is 5% above its share price).
Key facts: PEG vs SO
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Public Service Enterprise Group Incorporated (PEG) has the higher forward dividend yield at 3.66%, versus 3.26% for The Southern Company (SO).
- As of Nov 5, 2026, SmarterDividends grades PEG's dividend safety A (92/100) and SO's A (90/100).
- By SmarterDividends' count as of Nov 5, 2026, PEG has raised its dividend for 14 consecutive years and SO for 25.
- As of Nov 5, 2026, PEG pays out 75% of its earnings as dividends and SO pays out 72%.
- As of Nov 5, 2026, PEG's fair-value estimate is 5% above its share price and SO's fair-value estimate is 3% below its share price, so PEG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PEG vs SO: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/peg-vs-so
| Metric | PEG | SO |
|---|---|---|
| Forward yield | 3.66% | 3.26% |
| Annual dividend | $2.68 | $3.04 |
| Payout ratio | 75% | 72% |
| Years of growth | 14 yr | 25 yr |
| 5-yr dividend growth | 5.2% | 3.0% |
| 5-yr total return | 19% | 53% |
| Dividend safety score | 92 (A) | 90 (A) |
| Fair value estimate | $76.28 | $91.57 |
| Upside to fair value | +5% | -3% |
| Frequency | quarterly | quarterly |
| Market cap | $36.1B | $108.5B |
| P/E ratio | 20.5 | 22.7 |
Higher yield
PEG
3.66%
Safer dividend
PEG
Grade A
Faster growth
PEG
5.2%
Better value
PEG
+5% upside
PEG vs SO — FAQ
Is PEG or SO a better dividend stock?
PEG and SO are closely matched. PEG has the higher yield; PEG scores better on safety.
Which has a higher dividend yield, PEG or SO?
PEG has the higher forward dividend yield at 3.66%, versus 3.26% for SO.
Is PEG or SO safer?
PEG has the higher dividend-safety score (92/100 vs 90/100), reflecting stronger payout coverage and dividend-growth history.
Is PEG or SO better value right now?
As of Nov 5, 2026, PEG looks like the better value: its fair-value estimate is 5% above its share price (fairly valued). For SO, its fair-value estimate is 3% below its share price.
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