AEP vs DUK: Which Is the Better Dividend Stock?
As of July 2026, AEP and DUK are closely matched. DUK offers the higher yield at 3.47%, DUK has the higher dividend-safety score, and AEP trades at the larger discount to fair value (+69%).
| Metric | AEP | DUK |
|---|---|---|
| Forward yield | 2.88% | 3.47% |
| Annual dividend | $3.80 | $4.34 |
| Payout ratio | 56% | 65% |
| Years of growth | 16 yr | 21 yr |
| 5-yr dividend growth | 5.7% | 2.0% |
| 5-yr total return | 48% | 19% |
| Dividend safety score | 88 (A) | 92 (A) |
| Fair value estimate | $223.10 | $125.83 |
| Upside to fair value | +69% | +1% |
| Frequency | quarterly | quarterly |
| Market cap | $71.3B | $98.1B |
| P/E ratio | 19.5 | 19.2 |
Higher yield
DUK
3.47%
Safer dividend
DUK
Grade A
Faster growth
AEP
5.7%
Better value
AEP
+69% upside
AEP vs DUK — FAQ
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