CEG vs CNP: Which Is the Better Dividend Stock?
As of September 2026, CEG (Constellation Energy Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. CNP offers the higher yield at 2.42%, CEG has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+21%).
| Metric | CEG | CNP |
|---|---|---|
| Forward yield | 0.57% | 2.42% |
| Annual dividend | $1.71 | $0.96 |
| Payout ratio | 16% | 54% |
| Years of growth | 3 yr | 5 yr |
| 5-yr dividend growth | — | 8.0% |
| 5-yr total return | 523% | 61% |
| Dividend safety score | 77 (B) | 70 (B) |
| Fair value estimate | $360.68 | $34.83 |
| Upside to fair value | +21% | -12% |
| Frequency | quarterly | quarterly |
| Market cap | $105.9B | $26.1B |
| P/E ratio | 29.3 | 23.6 |
Higher yield
CNP
2.42%
Safer dividend
CEG
Grade B
Faster growth
CNP
8.0%
Better value
CEG
+21% upside
CEG vs CNP — FAQ
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