SO vs WELPM: Which Is the Better Dividend Stock?
As of Oct 27, 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. WELPM offers the higher yield at 5.77%, SO has the higher dividend-safety score, and SO looks like the better value (its fair-value estimate is 1% below its share price).
Key facts: SO vs WELPM
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Wisconsin Electric Power Company (WELPM) has the higher forward dividend yield at 5.77%, versus 3.28% for The Southern Company (SO).
- As of Oct 27, 2026, SmarterDividends grades SO's dividend safety A (90/100) and WELPM's A (82/100).
- By SmarterDividends' count as of Oct 27, 2026, SO has raised its dividend for 25 consecutive years and WELPM for 0.
- As of Oct 27, 2026, SO's fair-value estimate is 1% below its share price and WELPM's fair-value estimate is 24% below its share price, so SO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SO vs WELPM: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/so-vs-welpm
| Metric | SO | WELPM |
|---|---|---|
| Forward yield | 3.28% | 5.77% |
| Annual dividend | $3.04 | $6.00 |
| Payout ratio | 72% | — |
| Years of growth | 25 yr | 0 yr |
| 5-yr dividend growth | 3.0% | 0.0% |
| 5-yr total return | 52% | -27% |
| Dividend safety score | 90 (A) | 82 (A) |
| Fair value estimate | $91.60 | $78.52 |
| Upside to fair value | -1% | -24% |
| Frequency | quarterly | quarterly |
| Market cap | $106.5B | — |
| P/E ratio | 22.3 | — |
Higher yield
WELPM
5.77%
Safer dividend
SO
Grade A
Faster growth
SO
3.0%
Better value
SO
-1% upside
SO vs WELPM — FAQ
Is SO or WELPM a better dividend stock?
On the data, SO wins more head-to-head categories (5 vs 2). WELPM offers the higher yield (5.77%), 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 WELPM?
WELPM has the higher forward dividend yield at 5.77%, versus 3.28% for SO.
Is SO or WELPM safer?
SO has the higher dividend-safety score (90/100 vs 82/100), reflecting stronger payout coverage and dividend-growth history.
Is SO or WELPM better value right now?
As of Oct 27, 2026, SO looks like the better value: its fair-value estimate is 1% below its share price (fairly valued). For WELPM, its fair-value estimate is 24% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.