SmarterDividends

SO vs D: Which Is the Better Dividend Stock?

As of September 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. D offers the higher yield at 4.15%, SO has the higher dividend-safety score, and SO trades at the larger discount to fair value (+11%).

MetricSOD
Forward yield3.49%4.15%
Annual dividend$3.04$2.67
Payout ratio72%92%
Years of growth25 yr0 yr
5-yr dividend growth3.0%-5.0%
5-yr total return41%-12%
Dividend safety score90 (A)63 (C)
Fair value estimate$96.70$64.03
Upside to fair value+11%-1%
Frequencyquarterlyquarterly
Market cap$100.3B$56.6B
P/E ratio21.022.3

Higher yield

D

4.15%

Safer dividend

SO

Grade A

Faster growth

SO

3.0%

Better value

SO

+11% upside

SO vs D — FAQ

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