SO vs SWX: Which Is the Better Dividend Stock?
As of July 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. SO offers the higher yield at 3.19%, SO has the higher dividend-safety score, and SWX trades at the larger discount to fair value (+55%).
| Metric | SO | SWX |
|---|---|---|
| Forward yield | 3.19% | 2.80% |
| Annual dividend | $3.04 | $2.58 |
| Payout ratio | 76% | 75% |
| Years of growth | 25 yr | 0 yr |
| 5-yr dividend growth | 3.0% | 1.9% |
| 5-yr total return | 45% | 31% |
| Dividend safety score | 90 (A) | 90 (A) |
| Fair value estimate | $93.61 | $142.46 |
| Upside to fair value | -2% | +55% |
| Frequency | quarterly | quarterly |
| Market cap | $106.5B | $6.6B |
| P/E ratio | 24.4 | 27.8 |
Higher yield
SO
3.19%
Safer dividend
SO
Grade A
Faster growth
SO
3.0%
Better value
SWX
+55% upside
SO vs SWX — FAQ
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