NEE vs SO: Which Is the Better Dividend Stock?
As of July 2026, NEE and SO are closely matched. SO offers the higher yield at 3.14%, NEE has the higher dividend-safety score, and SO trades at the larger discount to fair value (-3%).
| Metric | NEE | SO |
|---|---|---|
| Forward yield | 2.79% | 3.14% |
| Annual dividend | $2.49 | $3.04 |
| Payout ratio | 53% | 76% |
| Years of growth | 30 yr | 25 yr |
| 5-yr dividend growth | 10.1% | 3.0% |
| 5-yr total return | 7% | 48% |
| Dividend safety score | 92 (A) | 90 (A) |
| Fair value estimate | $72.47 | $94.17 |
| Upside to fair value | -19% | -3% |
| Frequency | quarterly | quarterly |
| Market cap | $184.5B | $108.3B |
| P/E ratio | 20.1 | 24.8 |
Higher yield
SO
3.14%
Safer dividend
NEE
Grade A
Faster growth
NEE
10.1%
Better value
SO
-3% upside
NEE vs SO — FAQ
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