CEG vs NRG: Which Is the Better Dividend Stock?
As of September 2026, CEG (Constellation Energy Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. NRG offers the higher yield at 1.84%, CEG has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+42%).
| Metric | CEG | NRG |
|---|---|---|
| Forward yield | 0.65% | 1.84% |
| Annual dividend | $1.71 | $1.90 |
| Payout ratio | 16% | 48% |
| Years of growth | 3 yr | 6 yr |
| 5-yr dividend growth | — | 8.0% |
| 5-yr total return | 431% | 160% |
| Dividend safety score | 77 (B) | 70 (B) |
| Fair value estimate | $361.39 | $82.10 |
| Upside to fair value | +42% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $93.3B | $21.6B |
| P/E ratio | 25.7 | 26.8 |
Higher yield
NRG
1.84%
Safer dividend
CEG
Grade B
Faster growth
NRG
8.0%
Better value
CEG
+42% upside
CEG vs NRG — FAQ
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