SBS vs SO: Which Is the Better Dividend Stock?
As of Nov 5, 2026, SBS and SO are closely matched. SO offers the higher yield at 3.26%, SO has the higher dividend-safety score, and SBS looks like the better value (its fair-value estimate is 151% above its share price).
Key facts: SBS vs SO
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, The Southern Company (SO) has the higher forward dividend yield at 3.26%, versus 0.72% for Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS).
- As of Nov 5, 2026, SmarterDividends grades SBS's dividend safety C (57/100) and SO's A (90/100).
- By SmarterDividends' count as of Nov 5, 2026, SBS has raised its dividend for 4 consecutive years and SO for 25.
- As of Nov 5, 2026, SBS pays out 32% of its earnings as dividends and SO pays out 72%.
- As of Nov 5, 2026, SBS's fair-value estimate is 151% above its share price and SO's fair-value estimate is 3% below its share price, so SBS looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SBS vs SO: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/sbs-vs-so
| Metric | SBS | SO |
|---|---|---|
| Forward yield | 0.72% | 3.26% |
| Annual dividend | $0.03 | $3.04 |
| Payout ratio | 32% | 72% |
| Years of growth | 4 yr | 25 yr |
| 5-yr dividend growth | 21.1% | 3.0% |
| 5-yr total return | 277% | 53% |
| Dividend safety score | 57 (C) | 90 (A) |
| Fair value estimate | $11.50 | $91.57 |
| Upside to fair value | +151% | -3% |
| Frequency | annual | quarterly |
| Market cap | $16.2B | $108.5B |
| P/E ratio | 10.4 | 22.7 |
Higher yield
SO
3.26%
Safer dividend
SO
Grade A
Faster growth
SBS
21.1%
Better value
SBS
+151% upside
SBS vs SO — FAQ
Is SBS or SO a better dividend stock?
SBS and SO are closely matched. SO has the higher yield; SO scores better on safety.
Which has a higher dividend yield, SBS or SO?
SO has the higher forward dividend yield at 3.26%, versus 0.72% for SBS.
Is SBS or SO safer?
SO has the higher dividend-safety score (90/100 vs 57/100), reflecting stronger payout coverage and dividend-growth history.
Is SBS or SO better value right now?
As of Nov 5, 2026, SBS looks like the better value: its fair-value estimate is 151% above its share price (undervalued). For SO, its fair-value estimate is 3% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.