CEG vs XEL: Which Is the Better Dividend Stock?
As of July 2026, XEL (Xcel Energy Inc.) screens as the stronger dividend stock, winning 5 of 6 head-to-head metrics. XEL offers the higher yield at 3.01%, XEL has the higher dividend-safety score, and XEL trades at the larger discount to fair value (+78%).
| Metric | CEG | XEL |
|---|---|---|
| Forward yield | 0.68% | 3.01% |
| Annual dividend | $1.71 | $2.37 |
| Payout ratio | 14% | 66% |
| Years of growth | 3 yr | 22 yr |
| 5-yr dividend growth | — | 5.6% |
| 5-yr total return | — | 15% |
| Dividend safety score | 75 (B) | 87 (A) |
| Fair value estimate | $406.21 | $139.98 |
| Upside to fair value | +61% | +78% |
| Frequency | quarterly | quarterly |
| Market cap | $90.5B | $49.1B |
| P/E ratio | 21.9 | 22.7 |
Higher yield
XEL
3.01%
Safer dividend
XEL
Grade A
Faster growth
XEL
5.6%
Better value
XEL
+78% upside
CEG vs XEL — FAQ
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