AWR vs CEG: Which Is the Better Dividend Stock?
As of September 2026, AWR (American States Water Company) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. AWR offers the higher yield at 2.46%, AWR has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+21%).
| Metric | AWR | CEG |
|---|---|---|
| Forward yield | 2.46% | 0.57% |
| Annual dividend | $2.18 | $1.71 |
| Payout ratio | 55% | 16% |
| Years of growth | 23 yr | 3 yr |
| 5-yr dividend growth | 8.7% | — |
| 5-yr total return | 4% | 523% |
| Dividend safety score | 91 (A) | 77 (B) |
| Fair value estimate | $68.15 | $360.68 |
| Upside to fair value | -23% | +21% |
| Frequency | quarterly | quarterly |
| Market cap | $3.5B | $105.9B |
| P/E ratio | 24.2 | 29.3 |
Higher yield
AWR
2.46%
Safer dividend
AWR
Grade A
Faster growth
AWR
8.7%
Better value
CEG
+21% upside
AWR vs CEG — FAQ
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