CMS vs DUK: Which Is the Better Dividend Stock?
As of September 2026, DUK (Duke Energy Corporation) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. DUK offers the higher yield at 3.72%, DUK has the higher dividend-safety score, and DUK trades at the larger discount to fair value (+9%).
| Metric | CMS | DUK |
|---|---|---|
| Forward yield | 3.52% | 3.72% |
| Annual dividend | $2.28 | $4.34 |
| Payout ratio | 67% | 64% |
| Years of growth | 18 yr | 21 yr |
| 5-yr dividend growth | 5.9% | 2.0% |
| 5-yr total return | 8% | 15% |
| Dividend safety score | 82 (A) | 92 (A) |
| Fair value estimate | $69.53 | $128.37 |
| Upside to fair value | +6% | +9% |
| Frequency | quarterly | quarterly |
| Market cap | $19.9B | $90.7B |
| P/E ratio | 19.3 | 17.6 |
Higher yield
DUK
3.72%
Safer dividend
DUK
Grade A
Faster growth
CMS
5.9%
Better value
DUK
+9% upside
CMS vs DUK — FAQ
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