CEG vs PPL: Which Is the Better Dividend Stock?
As of July 2026, CEG (Constellation Energy Corporation) screens as the stronger dividend stock, winning 4 of 5 head-to-head metrics. PPL offers the higher yield at 3.18%, CEG has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+61%).
| Metric | CEG | PPL |
|---|---|---|
| Forward yield | 0.68% | 3.18% |
| Annual dividend | $1.71 | $1.14 |
| Payout ratio | 14% | 68% |
| Years of growth | 3 yr | 3 yr |
| 5-yr dividend growth | — | -8.0% |
| 5-yr total return | — | 22% |
| Dividend safety score | 75 (B) | 63 (C) |
| Fair value estimate | $406.21 | $34.21 |
| Upside to fair value | +61% | -5% |
| Frequency | quarterly | quarterly |
| Market cap | $90.5B | $26.7B |
| P/E ratio | 21.9 | 22.0 |
Higher yield
PPL
3.18%
Safer dividend
CEG
Grade B
Faster growth
PPL
-8.0%
Better value
CEG
+61% upside
CEG vs PPL — FAQ
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