OGE vs SO: Which Is the Better Dividend Stock?
As of July 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. OGE offers the higher yield at 3.49%, OGE has the higher dividend-safety score, and OGE trades at the larger discount to fair value (+3%).
| Metric | OGE | SO |
|---|---|---|
| Forward yield | 3.49% | 3.19% |
| Annual dividend | $1.70 | $3.04 |
| Payout ratio | 75% | 76% |
| Years of growth | 19 yr | 25 yr |
| 5-yr dividend growth | 1.5% | 3.0% |
| 5-yr total return | 38% | 45% |
| Dividend safety score | 90 (A) | 90 (A) |
| Fair value estimate | $50.10 | $93.61 |
| Upside to fair value | +3% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $10.0B | $106.5B |
| P/E ratio | 21.6 | 24.4 |
Higher yield
OGE
3.49%
Safer dividend
OGE
Grade A
Faster growth
SO
3.0%
Better value
OGE
+3% upside
OGE vs SO — FAQ
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