SmarterDividends

CEG vs ED: Which Is the Better Dividend Stock?

As of July 2026, ED (Consolidated Edison, Inc.) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. ED offers the higher yield at 3.13%, ED has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+61%).

MetricCEGED
Forward yield0.68%3.13%
Annual dividend$1.71$3.51
Payout ratio14%58%
Years of growth3 yr44 yr
5-yr dividend growth2.1%
5-yr total return49%
Dividend safety score75 (B)92 (A)
Fair value estimate$406.21$105.44
Upside to fair value+61%-6%
Frequencyquarterlyquarterly
Market cap$90.1B$41.4B
P/E ratio21.918.9

Higher yield

ED

3.13%

Safer dividend

ED

Grade A

Faster growth

ED

2.1%

Better value

CEG

+61% upside

CEG vs ED — FAQ

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