Question 1

Is NI or SO a better dividend stock?

Accepted Answer

On the data, SO wins more head-to-head categories (5 vs 3). SO offers the higher yield (3.19%), while SO has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.

Question 2

Which has a higher dividend yield, NI or SO?

Accepted Answer

SO has the higher forward dividend yield at 3.19%, versus 2.61% for NI.

Question 3

Is NI or SO safer?

Accepted Answer

SO has the higher dividend-safety score (90/100 vs 86/100), reflecting stronger payout coverage and dividend-growth history.

Question 4

Is NI or SO better value right now?

Accepted Answer

SO trades at the larger discount to our fair-value estimate (-2% upside, fairly valued), versus -8% for NI.

Metric	NI	SO
Forward yield	2.61%	3.19%
Annual dividend	$1.20	$3.04
Payout ratio	57%	76%
Years of growth	14 yr	25 yr
5-yr dividend growth	5.9%	3.0%
5-yr total return	87%	45%
Dividend safety score	86 (A)	90 (A)
Fair value estimate	$42.19	$93.61
Upside to fair value	-8%	-2%
Frequency	quarterly	quarterly
Market cap	$21.8B	$106.5B
P/E ratio	22.9	24.4

NI vs SO: Which Is the Better Dividend Stock?

NI vs SO — FAQ

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