SmarterDividends

DUK vs PNW: Which Is the Better Dividend Stock?

As of July 2026, DUK (Duke Energy Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. DUK offers the higher yield at 3.47%, DUK has the higher dividend-safety score, and PNW trades at the larger discount to fair value (+21%).

MetricDUKPNW
Forward yield3.47%3.38%
Annual dividend$4.34$3.64
Payout ratio65%67%
Years of growth21 yr14 yr
5-yr dividend growth2.0%2.5%
5-yr total return19%40%
Dividend safety score92 (A)88 (A)
Fair value estimate$125.83$130.55
Upside to fair value+1%+21%
Frequencyquarterlyquarterly
Market cap$98.1B$12.9B
P/E ratio19.219.8

Higher yield

DUK

3.47%

Safer dividend

DUK

Grade A

Faster growth

PNW

2.5%

Better value

PNW

+21% upside

DUK vs PNW — FAQ

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