NEE vs SPH: Which Is the Better Dividend Stock?
As of July 2026, NEE (NextEra Energy, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SPH offers the higher yield at 7.17%, NEE has the higher dividend-safety score, and SPH trades at the larger discount to fair value (-2%).
| Metric | NEE | SPH |
|---|---|---|
| Forward yield | 2.81% | 7.17% |
| Annual dividend | $2.49 | $1.30 |
| Payout ratio | 59% | 66% |
| Years of growth | 30 yr | 0 yr |
| 5-yr dividend growth | 10.1% | -6.3% |
| 5-yr total return | 6% | 19% |
| Dividend safety score | 88 (A) | 61 (C) |
| Fair value estimate | $75.63 | $17.72 |
| Upside to fair value | -15% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $183.5B | $1.2B |
| P/E ratio | 22.5 | 9.3 |
Higher yield
SPH
7.17%
Safer dividend
NEE
Grade A
Faster growth
NEE
10.1%
Better value
SPH
-2% upside
NEE vs SPH — FAQ
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