CEG vs XEL: Which Is the Better Dividend Stock?
As of September 2026, XEL (Xcel Energy Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. XEL offers the higher yield at 3.30%, XEL has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+42%).
| Metric | CEG | XEL |
|---|---|---|
| Forward yield | 0.65% | 3.30% |
| Annual dividend | $1.71 | $2.37 |
| Payout ratio | 16% | 64% |
| Years of growth | 3 yr | 22 yr |
| 5-yr dividend growth | — | 5.6% |
| 5-yr total return | 431% | 12% |
| Dividend safety score | 77 (B) | 87 (A) |
| Fair value estimate | $361.39 | $87.46 |
| Upside to fair value | +42% | +21% |
| Frequency | quarterly | quarterly |
| Market cap | $93.3B | $45.0B |
| P/E ratio | 25.7 | 19.7 |
Higher yield
XEL
3.30%
Safer dividend
XEL
Grade A
Faster growth
XEL
5.6%
Better value
CEG
+42% upside
CEG vs XEL — FAQ
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