FE vs SO: Which Is the Better Dividend Stock?
As of July 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. FE offers the higher yield at 3.83%, SO has the higher dividend-safety score, and FE trades at the larger discount to fair value (-2%).
| Metric | FE | SO |
|---|---|---|
| Forward yield | 3.83% | 3.19% |
| Annual dividend | $1.86 | $3.04 |
| Payout ratio | 97% | 76% |
| Years of growth | 3 yr | 25 yr |
| 5-yr dividend growth | 2.4% | 3.0% |
| 5-yr total return | 25% | 45% |
| Dividend safety score | 70 (B) | 90 (A) |
| Fair value estimate | $47.69 | $93.61 |
| Upside to fair value | -2% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $28.1B | $106.5B |
| P/E ratio | 26.4 | 24.4 |
Higher yield
FE
3.83%
Safer dividend
SO
Grade A
Faster growth
SO
3.0%
Better value
FE
-2% upside
FE vs SO — FAQ
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