SmarterDividends

SO vs SWX: Which Is the Better Dividend Stock?

As of September 2026, SO (The Southern Company) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SO offers the higher yield at 3.45%, SWX has the higher dividend-safety score, and SWX trades at the larger discount to fair value (+76%).

MetricSOSWX
Forward yield3.45%2.93%
Annual dividend$3.04$2.58
Payout ratio72%64%
Years of growth25 yr0 yr
5-yr dividend growth3.0%1.9%
5-yr total return42%32%
Dividend safety score90 (A)93 (A)
Fair value estimate$96.70$155.18
Upside to fair value+10%+76%
Frequencyquarterlyquarterly
Market cap$101.4B$6.4B
P/E ratio21.222.6

Higher yield

SO

3.45%

Safer dividend

SWX

Grade A

Faster growth

SO

3.0%

Better value

SWX

+76% upside

SO vs SWX — FAQ

See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.