SO vs TSLTF: Which Is the Better Dividend Stock?
As of Oct 27, 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. TSLTF offers the higher yield at 6.47%, SO has the higher dividend-safety score, and TSLTF looks like the better value (its fair-value estimate is 85% above its share price).
Key facts: SO vs TSLTF
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, TransAlta Corporation (TSLTF) has the higher forward dividend yield at 6.47%, versus 3.28% for The Southern Company (SO).
- As of Oct 27, 2026, SmarterDividends grades SO's dividend safety A (90/100) and TSLTF's B (73/100).
- By SmarterDividends' count as of Oct 27, 2026, SO has raised its dividend for 25 consecutive years and TSLTF for 0.
- As of Oct 27, 2026, SO's fair-value estimate is 1% below its share price and TSLTF's fair-value estimate is 85% above its share price, so TSLTF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SO vs TSLTF: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/so-vs-tsltf
| Metric | SO | TSLTF |
|---|---|---|
| Forward yield | 3.28% | 6.47% |
| Annual dividend | $3.04 | $1.21 |
| Payout ratio | 72% | — |
| Years of growth | 25 yr | 0 yr |
| 5-yr dividend growth | 3.0% | 5.8% |
| 5-yr total return | 52% | 9% |
| Dividend safety score | 90 (A) | 73 (B) |
| Fair value estimate | $91.60 | $34.72 |
| Upside to fair value | -1% | +85% |
| Frequency | quarterly | quarterly |
| Market cap | $106.5B | — |
| P/E ratio | 22.3 | — |
Higher yield
TSLTF
6.47%
Safer dividend
SO
Grade A
Faster growth
TSLTF
5.8%
Better value
TSLTF
+85% upside
SO vs TSLTF — FAQ
Is SO or TSLTF a better dividend stock?
On the data, SO wins more head-to-head categories (4 vs 3). TSLTF offers the higher yield (6.47%), while SO has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, SO or TSLTF?
TSLTF has the higher forward dividend yield at 6.47%, versus 3.28% for SO.
Is SO or TSLTF safer?
SO has the higher dividend-safety score (90/100 vs 73/100), reflecting stronger payout coverage and dividend-growth history.
Is SO or TSLTF better value right now?
As of Oct 27, 2026, TSLTF looks like the better value: its fair-value estimate is 85% above its share price (undervalued). For SO, its fair-value estimate is 1% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.