Trailing Dividend / Share
$2.03
South Bow Corporation (SOBO) Dividend History
Income profile from 2024 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
5.7%
Payout Ratio
96.1%
At Risk
Dividend Streak
2 years
SOBO Dividend Income Check
Safety
96.1% payout ratio with at risk safety profile.
Consistency
2 straight years of dividend increases.
Income Trend
Yield on cost is 9.0% and trend is unknown.
SOBO Dividend Scorecard
Yield & Income
Dividend Yield5.7%
Trailing DPS$2.03
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout96.1%
Earnings SafetyAt Risk
FCF Payout69.4%
FCF SafetyAdequate
Piotroski F-Score5/9
Growth
Growth Streak2 years
3Y CAGRN/A
5Y CAGRN/A
Yield on Cost (5Y)9.0%
YOC Trendunknown
Total Returns
Buyback Yield0.0%
Total Shareholder Yield5.7%
1Y Total Return45.0%
5Y Total Return74.4%
Div Contribution (5Y)13.5%
Estimated $10K growth (return + dividends):
5Y ago$17,43810Y ago$17,43820Y ago$17,438
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
SOBO Income Growth Story
Dividend per share and yield on cost over time (3 years of payments)
SOBO Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
South Bow Corporation distributes 96.1% of earnings as dividends (At Risk). When measured against free cash flow—a stricter test—the payout ratio stands at 69.4%, rated "Adequate".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
SOBO has raised its dividend for 2 consecutive years.
Total Shareholder Returns
Beyond cash dividends, SOBO returns capital through share repurchases. The combined picture: 5.7% dividend yield, 5.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 9.0% and is currently unknown. The 5-year total return is 74.4%, with dividends contributing 13.5% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $17,438 today.
Elevated payout ratio — dividend sustainability should be monitored closely.
SOBO Recent Dividend Payments
Last 7 payments · Semi-Annual
TTM Total$3.50
Avg/Payment$0.5000
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 30, 2026Latest | $0.5000 | — | 5.59% | Jul 15, 2026 |
| Mar 31, 2026 | $0.5000 | — | 6.00% | Apr 15, 2026 |
| Dec 31, 2025 | $0.5000 | — | 7.28% | Jan 15, 2026 |
| Sep 29, 2025 | $0.5000 | — | 7.15% | Oct 15, 2025 |
| Jun 30, 2025 | $0.5000 | — | 5.79% | Jul 15, 2025 |
| Mar 31, 2025 | $0.5000 | — | 3.92% | Apr 15, 2025 |
| Dec 31, 2024 | $0.5000 | — | 2.12% | Jan 31, 2025 |
SOBO Dividend vs Peers
Comparable companies in the same industry
#5 yield in peer group
Div Yield
5.7%
#5 of 9
Safety
At Risk
96.1% payout
Streak
2Y
— 5Y CAGR
Total Shareholder
5.7%
#5 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
 SOBOSouth Bow Corporatio… | $7.5B | 5.7% | 96.1% | 2 | At Risk |
 KMIKinder Morgan, Inc. | $70.3B | 3.7% | 85.2% | 8 | At Risk |
 WMBThe Williams Compani… | $89.4B | 2.7% | 93.3% | 8 | At Risk |
 OKEONEOK, Inc. | $53.6B | 4.8% | 76.1% | 3 | Watch |
 TRPTC Energy Corporatio… | $70.5B | 3.5% | 99.7% | 0 | At Risk |
3rd  ENBEnbridge Inc. | $119.1B | 6.7% | 1.5% | 2 | Sustainable |
 EPDEnterprise Products … | $79.1B | 5.8% | 80.5% | 28 | Watch |
2nd  ETEnergy Transfer LP | $64.5B | 6.9% | 96.4% | 4 | At Risk |
1st  MPLXMPLX Lp | $57.7B | 6.9% | 81.8% | 4 | Watch |
SOBO Annual Dividend History (2023–2026)
4 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.00 | — | 2 | — | — | — | 4.5% |
| 2025 | $2.00 | 300.0% | 4 | $2.11 | 94.8% | 1.05x | 9.0% |
| 2024 | $0.50 | — | 1 | $1.52 | 32.9% | 3.04x | 2.2% |
| 2023 | $0.00 | — | 0 | $2.13 | — | — | — |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
2+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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SOBO — Frequently Asked Questions
Quick answers to the most common questions about buying SOBO stock.
How much dividend does SOBO pay per share?
South Bow Corporation (SOBO) pays a trailing 12-month dividend of $2.03 per share, with a current dividend yield of +5.7%. Payments are made Semi-Annual.
When is SOBO's next ex-dividend date?
SOBO's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. SOBO typically pays dividends Semi-Annual.
Is SOBO's dividend safe?
SOBO's dividend safety is rated "At Risk" based on an earnings payout ratio of +96.1% and FCF payout ratio of +69.4%. The 2-year growth streak provides moderate confidence.
How many years has SOBO increased its dividend?
SOBO has 2 consecutive years of dividend growth. The 5-year dividend CAGR is N/A.
How often does SOBO pay dividends?
South Bow Corporation pays dividends Semi-Annual. The trailing 12-month total is $2.03 per share. Dividend data on this page covers 2+ years from 2024 to 2026.
How much would $10,000 invested in SOBO grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in SOBO five years ago would be worth approximately $17,438 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is SOBO's yield on cost for long-term holders?
SOBO's yield on cost — the current dividend divided by the original purchase price — is +9.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +5.7% market yield, thanks to the lower original cost basis.