SmarterDividends

CEG vs CWEN: Which Is the Better Dividend Stock?

As of July 2026, CEG and CWEN are closely matched. CWEN offers the higher yield at 5.47%, CEG has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+61%).

MetricCEGCWEN
Forward yield0.68%5.47%
Annual dividend$1.71$1.83
Payout ratio14%1797%
Years of growth3 yr6 yr
5-yr dividend growth11.0%
5-yr total return6%
Dividend safety score75 (B)59 (C)
Fair value estimate$406.21$40.14
Upside to fair value+61%+20%
Frequencyquarterlyquarterly
Market cap$90.5B$8.0B
P/E ratio21.9333.3

Higher yield

CWEN

5.47%

Safer dividend

CEG

Grade B

Faster growth

CWEN

11.0%

Better value

CEG

+61% upside

CEG vs CWEN — FAQ

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