SmarterDividends

DUK vs MGEE: Which Is the Better Dividend Stock?

As of July 2026, DUK and MGEE are closely matched. DUK offers the higher yield at 3.47%, MGEE has the higher dividend-safety score, and DUK trades at the larger discount to fair value (+1%).

MetricDUKMGEE
Forward yield3.47%2.34%
Annual dividend$4.34$1.90
Payout ratio65%48%
Years of growth21 yr38 yr
5-yr dividend growth2.0%5.1%
5-yr total return19%1%
Dividend safety score92 (A)95 (A)
Fair value estimate$125.83$57.36
Upside to fair value+1%-29%
Frequencyquarterlyquarterly
Market cap$98.1B$3.1B
P/E ratio19.220.8

Higher yield

DUK

3.47%

Safer dividend

MGEE

Grade A

Faster growth

MGEE

5.1%

Better value

DUK

+1% upside

DUK vs MGEE — FAQ

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