SmarterDividends

NEE vs WEC: Which Is the Better Dividend Stock?

As of July 2026, NEE and WEC are closely matched. WEC offers the higher yield at 3.36%, NEE has the higher dividend-safety score, and WEC trades at the larger discount to fair value (-1%).

MetricNEEWEC
Forward yield2.81%3.36%
Annual dividend$2.49$3.81
Payout ratio59%73%
Years of growth30 yr10 yr
5-yr dividend growth10.1%7.1%
5-yr total return6%20%
Dividend safety score88 (A)86 (A)
Fair value estimate$75.63$112.31
Upside to fair value-15%-1%
Frequencyquarterlyquarterly
Market cap$183.5B$36.7B
P/E ratio22.522.6

Higher yield

WEC

3.36%

Safer dividend

NEE

Grade A

Faster growth

NEE

10.1%

Better value

WEC

-1% upside

NEE vs WEC — FAQ

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