AEP vs NEE: Which Is the Better Dividend Stock?
As of September 2026, AEP and NEE are closely matched. AEP offers the higher yield at 3.05%, NEE has the higher dividend-safety score, and AEP trades at the larger discount to fair value (+73%).
| Metric | AEP | NEE |
|---|---|---|
| Forward yield | 3.05% | 2.99% |
| Annual dividend | $3.80 | $2.49 |
| Payout ratio | 66% | 53% |
| Years of growth | 16 yr | 30 yr |
| 5-yr dividend growth | 5.7% | 10.1% |
| 5-yr total return | 53% | 6% |
| Dividend safety score | 88 (A) | 90 (A) |
| Fair value estimate | $215.16 | $83.05 |
| Upside to fair value | +73% | -0% |
| Frequency | quarterly | quarterly |
| Market cap | $68.3B | $174.9B |
| P/E ratio | 21.8 | 18.8 |
Higher yield
AEP
3.05%
Safer dividend
NEE
Grade A
Faster growth
NEE
10.1%
Better value
AEP
+73% upside
AEP vs NEE — FAQ
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