NJR vs SO: Which Is the Better Dividend Stock?
As of September 2026, NJR (New Jersey Resources Corporation) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. NJR offers the higher yield at 3.76%, NJR has the higher dividend-safety score, and NJR trades at the larger discount to fair value (+30%).
| Metric | NJR | SO |
|---|---|---|
| Forward yield | 3.76% | 3.49% |
| Annual dividend | $2.00 | $3.04 |
| Payout ratio | 53% | 72% |
| Years of growth | 30 yr | 25 yr |
| 5-yr dividend growth | 7.4% | 3.0% |
| 5-yr total return | 53% | 41% |
| Dividend safety score | 93 (A) | 90 (A) |
| Fair value estimate | $69.23 | $96.70 |
| Upside to fair value | +30% | +11% |
| Frequency | quarterly | quarterly |
| Market cap | $5.4B | $100.3B |
| P/E ratio | 14.7 | 21.0 |
Higher yield
NJR
3.76%
Safer dividend
NJR
Grade A
Faster growth
NJR
7.4%
Better value
NJR
+30% upside
NJR vs SO — FAQ
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