CEG vs MGEE: Which Is the Better Dividend Stock?
As of July 2026, MGEE (MGE Energy, Inc.) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. MGEE offers the higher yield at 2.34%, MGEE has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+61%).
| Metric | CEG | MGEE |
|---|---|---|
| Forward yield | 0.68% | 2.34% |
| Annual dividend | $1.71 | $1.90 |
| Payout ratio | 14% | 48% |
| Years of growth | 3 yr | 38 yr |
| 5-yr dividend growth | — | 5.1% |
| 5-yr total return | — | 1% |
| Dividend safety score | 75 (B) | 95 (A) |
| Fair value estimate | $406.21 | $57.36 |
| Upside to fair value | +61% | -29% |
| Frequency | quarterly | quarterly |
| Market cap | $90.5B | $3.1B |
| P/E ratio | 21.9 | 20.8 |
Higher yield
MGEE
2.34%
Safer dividend
MGEE
Grade A
Faster growth
MGEE
5.1%
Better value
CEG
+61% upside
CEG vs MGEE — FAQ
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