SO vs UELMO: Which Is the Better Dividend Stock?
As of September 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. UELMO offers the higher yield at 6.12%, SO has the higher dividend-safety score, and SO trades at the larger discount to fair value (+10%).
| Metric | SO | UELMO |
|---|---|---|
| Forward yield | 3.46% | 6.12% |
| Annual dividend | $3.04 | $3.70 |
| Payout ratio | 72% | — |
| Years of growth | 25 yr | 0 yr |
| 5-yr dividend growth | 3.0% | 0.0% |
| 5-yr total return | 41% | -35% |
| Dividend safety score | 90 (A) | 85 (A) |
| Fair value estimate | $96.70 | $45.36 |
| Upside to fair value | +10% | -25% |
| Frequency | quarterly | quarterly |
| Market cap | $100.3B | — |
| P/E ratio | 21.2 | 11.9 |
Higher yield
UELMO
6.12%
Safer dividend
SO
Grade A
Faster growth
SO
3.0%
Better value
SO
+10% upside
SO vs UELMO — FAQ
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