CEG vs PNW: Which Is the Better Dividend Stock?
As of July 2026, PNW (Pinnacle West Capital Corporation) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. PNW offers the higher yield at 3.38%, PNW has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+61%).
| Metric | CEG | PNW |
|---|---|---|
| Forward yield | 0.68% | 3.38% |
| Annual dividend | $1.71 | $3.64 |
| Payout ratio | 14% | 67% |
| Years of growth | 3 yr | 14 yr |
| 5-yr dividend growth | — | 2.5% |
| 5-yr total return | — | 40% |
| Dividend safety score | 75 (B) | 88 (A) |
| Fair value estimate | $406.21 | $130.55 |
| Upside to fair value | +61% | +21% |
| Frequency | quarterly | quarterly |
| Market cap | $90.5B | $12.9B |
| P/E ratio | 21.9 | 19.8 |
Higher yield
PNW
3.38%
Safer dividend
PNW
Grade A
Faster growth
PNW
2.5%
Better value
CEG
+61% upside
CEG vs PNW — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.