MGEE vs SO: Which Is the Better Dividend Stock?
As of July 2026, MGEE and SO are closely matched. SO offers the higher yield at 3.19%, MGEE has the higher dividend-safety score, and SO trades at the larger discount to fair value (-2%).
| Metric | MGEE | SO |
|---|---|---|
| Forward yield | 2.34% | 3.19% |
| Annual dividend | $1.90 | $3.04 |
| Payout ratio | 48% | 76% |
| Years of growth | 38 yr | 25 yr |
| 5-yr dividend growth | 5.1% | 3.0% |
| 5-yr total return | 1% | 45% |
| Dividend safety score | 95 (A) | 90 (A) |
| Fair value estimate | $57.36 | $93.61 |
| Upside to fair value | -29% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $3.1B | $106.5B |
| P/E ratio | 20.8 | 24.4 |
Higher yield
SO
3.19%
Safer dividend
MGEE
Grade A
Faster growth
MGEE
5.1%
Better value
SO
-2% upside
MGEE vs SO — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.