SmarterDividends

DUK vs EXC: Which Is the Better Dividend Stock?

As of September 2026, DUK and EXC are closely matched. EXC offers the higher yield at 4.00%, DUK has the higher dividend-safety score, and EXC trades at the larger discount to fair value (+23%).

MetricDUKEXC
Forward yield3.72%4.00%
Annual dividend$4.34$1.68
Payout ratio64%60%
Years of growth21 yr4 yr
5-yr dividend growth2.0%7.9%
5-yr total return15%11%
Dividend safety score92 (A)79 (B)
Fair value estimate$128.37$51.82
Upside to fair value+9%+23%
Frequencyquarterlyquarterly
Market cap$90.7B$43.1B
P/E ratio17.615.4

Higher yield

EXC

4.00%

Safer dividend

DUK

Grade A

Faster growth

EXC

7.9%

Better value

EXC

+23% upside

DUK vs EXC — FAQ

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