SOBO Stock — South Bow Corporation

South Bow Corporation (SOBO)

Updated October 16, 2026.

SOBO is a Stock. its distribution rate is 5.77%, its trailing-12-month yield is 5.77%. Dividend Vision Distribution Safety Score™ is 88/100 (Safe). Total return is 78.8% over the past 2 years, 41.3 points ahead of SPY at 37.5%.

South Bow Corporation operates crude oil pipeline infrastructure and related services, with major assets including the Keystone Pipeline System that transports crude oil from Alberta to U.S. Midwest and Gulf Coast markets, alongside marketing services and intra-Alberta pipeline operations. The company distributes quarterly with a current distribution rate in the mid-single digits. The stock appeals to income-focused investors seeking exposure to energy infrastructure assets.

SOBO performance versus SPY

Price and return data through 2026-10-16.

Total return is 78.8% over the past 2 years, 41.3 points ahead of SPY at 37.5%. Over the past year its total return — price change plus distributions reinvested — is 39.3%. Its deepest 1-year drawdown was 13.0%.

SOBO key facts

Distribution Safety Score™

88 · Safe

Safety-Adjusted Yield

5.08%

Asset type

Stock

Asset class

Equity

Inception date

10/03/2024

Distribution rate

5.77%

Distribution frequency

Quarterly

Trailing yield

5.77%

Last close

$34.69 (as of 2026-10-16)

Market cap

$7,235,922,126

Average volume

791468.0

Dividend

$0.50

Ex-dividend date

09/29/2026

Payment date

10/15/2026

Beta

0.989

Payout ratio

99.0%

P/E ratio

15.7

Forward P/E

17.4825

EPS

$2.21

How Dividend Vision calculates yield and returns

Distribution rate (5.77%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.77%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SOBO risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 13.0%.

Who may consider SOBO — and who may not

SOBO may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (SOBO pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on SOBO

• All tickers starting with S

Tagged: Energy, Dividend.

Frequently asked questions