CEG vs SPH: Which Is the Better Dividend Stock?
As of July 2026, CEG (Constellation Energy Corporation) screens as the stronger dividend stock, winning 5 of 6 head-to-head metrics. SPH offers the higher yield at 7.17%, CEG has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+61%).
| Metric | CEG | SPH |
|---|---|---|
| Forward yield | 0.68% | 7.17% |
| Annual dividend | $1.71 | $1.30 |
| Payout ratio | 14% | 66% |
| Years of growth | 3 yr | 0 yr |
| 5-yr dividend growth | — | -6.3% |
| 5-yr total return | — | 19% |
| Dividend safety score | 75 (B) | 61 (C) |
| Fair value estimate | $406.21 | $17.72 |
| Upside to fair value | +61% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $90.5B | $1.2B |
| P/E ratio | 21.9 | 9.3 |
Higher yield
SPH
7.17%
Safer dividend
CEG
Grade B
Faster growth
SPH
-6.3%
Better value
CEG
+61% upside
CEG vs SPH — FAQ
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