PNW vs SO: Which Is the Better Dividend Stock?
As of September 2026, PNW (Pinnacle West Capital Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PNW offers the higher yield at 3.86%, SO has the higher dividend-safety score, and PNW trades at the larger discount to fair value (+36%).
| Metric | PNW | SO |
|---|---|---|
| Forward yield | 3.86% | 3.55% |
| Annual dividend | $3.64 | $3.04 |
| Payout ratio | 70% | 72% |
| Years of growth | 14 yr | 25 yr |
| 5-yr dividend growth | 2.5% | 3.0% |
| 5-yr total return | 46% | 37% |
| Dividend safety score | 88 (A) | 90 (A) |
| Fair value estimate | $127.90 | $96.70 |
| Upside to fair value | +36% | +13% |
| Frequency | quarterly | quarterly |
| Market cap | $11.4B | $98.4B |
| P/E ratio | 18.1 | 20.6 |
Higher yield
PNW
3.86%
Safer dividend
SO
Grade A
Faster growth
SO
3.0%
Better value
PNW
+36% upside
PNW vs SO — FAQ
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