CEG vs TXNM: 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. TXNM offers the higher yield at 2.89%, TXNM has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+42%).
| Metric | CEG | TXNM |
|---|---|---|
| Forward yield | 0.65% | 2.89% |
| Annual dividend | $1.71 | $1.69 |
| Payout ratio | 16% | 91% |
| Years of growth | 3 yr | 14 yr |
| 5-yr dividend growth | — | 5.8% |
| 5-yr total return | 431% | 17% |
| Dividend safety score | 77 (B) | 79 (B) |
| Fair value estimate | $361.39 | $52.18 |
| Upside to fair value | +42% | -11% |
| Frequency | quarterly | quarterly |
| Market cap | $93.3B | $6.5B |
| P/E ratio | 25.7 | 32.0 |
Higher yield
TXNM
2.89%
Safer dividend
TXNM
Grade B
Faster growth
TXNM
5.8%
Better value
CEG
+42% upside
CEG vs TXNM — FAQ
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