SO vs WEC: Which Is the Better Dividend Stock?
As of September 2026, SO and WEC are closely matched. WEC offers the higher yield at 3.69%, SO has the higher dividend-safety score, and SO trades at the larger discount to fair value (+13%).
| Metric | SO | WEC |
|---|---|---|
| Forward yield | 3.55% | 3.69% |
| Annual dividend | $3.04 | $3.81 |
| Payout ratio | 72% | 72% |
| Years of growth | 25 yr | 10 yr |
| 5-yr dividend growth | 3.0% | 7.1% |
| 5-yr total return | 37% | 15% |
| Dividend safety score | 90 (A) | 84 (A) |
| Fair value estimate | $96.70 | $114.03 |
| Upside to fair value | +13% | +11% |
| Frequency | quarterly | quarterly |
| Market cap | $98.4B | $33.6B |
| P/E ratio | 20.6 | 20.0 |
Higher yield
WEC
3.69%
Safer dividend
SO
Grade A
Faster growth
WEC
7.1%
Better value
SO
+13% upside
SO vs WEC — FAQ
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