BIPC vs SO: Which Is the Better Dividend Stock?
As of September 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. BIPC offers the higher yield at 4.97%, SO has the higher dividend-safety score, and SO trades at the larger discount to fair value (+9%).
| Metric | BIPC | SO |
|---|---|---|
| Forward yield | 4.97% | 3.44% |
| Annual dividend | $1.82 | $3.04 |
| Payout ratio | 16% | 72% |
| Years of growth | 5 yr | 25 yr |
| 5-yr dividend growth | 5.9% | 3.0% |
| 5-yr total return | -3% | 42% |
| Dividend safety score | 71 (B) | 90 (A) |
| Fair value estimate | $32.89 | $96.33 |
| Upside to fair value | -15% | +9% |
| Frequency | quarterly | quarterly |
| Market cap | $4.6B | $102.1B |
| P/E ratio | — | 21.3 |
Higher yield
BIPC
4.97%
Safer dividend
SO
Grade A
Faster growth
BIPC
5.9%
Better value
SO
+9% upside
BIPC vs SO — FAQ
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