Clearway Energy, Inc.
CWENUtilities · Stock · quarterly payer
Forward Yield
5.91%
Annual Dividend
$1.86
Payout Ratio
212%
5-Yr Growth
11.0%
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Summary
As of September 2026, Clearway Energy, Inc. (CWEN) yields 5.91% ($1.86 per share annually), with a blended fair-value estimate of $38.40 — +21% upside, so it screens as undervalued. Dividend safety grade: C (59/100). 6 years of dividend growth.
Is CWEN a good dividend stock?
Yes, with caveatsClearway Energy, Inc. (CWEN) pays a quarterly dividend yielding 5.91% ($1.86/yr), with 6 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 11.0% 5-yr dividend growth
Risks
- Cut its dividend in 2019
- Elevated payout ratio (212%)
Key Data
- Dividend Yield
- 5.91%
- Payout Ratio
- 212%
- Annual Dividend
- $1.86
- 5-Yr Avg Growth
- 11.0%
- Ex-Dividend Date
- Sep 1, 2026
- Years of Growth
- 6
- Frequency
- quarterly
- Beta
- 0.88
- Market Cap
- $7.8B
- P/E Ratio
- 36.6
- 5-Yr Total Return
- 5%
- 52-Week Range
- $27.67 – $41.74
- Dividend Safety
- C · 59/100
- Ever Cut?
- Yes (2019)
Frequently Asked Questions
CWEN Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+50%
5 Years
+5%
52-Week Range
$27.67 – $41.74
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CWEN worth?
Undervaluedhigh confidenceOur blended fair-value estimate for Clearway Energy, Inc. is $38.40 per share, versus a market price of $31.76. That implies 21% of upside — a margin of safety of about 17%.
Fair Value
$38.40
Current Price
$31.76
Upside
+21%
Margin of Safety
17%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 18.5% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.7% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.84 EPS, $1.86 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CWEN Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | — | $0.4750 | regular |
| Jun 1, 2026 | — | $0.4680 | regular |
| Mar 2, 2026 | — | $0.4600 | regular |
| Dec 1, 2025 | — | $0.4530 | regular |
| Sep 2, 2025 | — | $0.4460 | regular |
| Jun 2, 2025 | — | $0.4380 | regular |
| Mar 3, 2025 | — | $0.4310 | regular |
| Dec 2, 2024 | — | $0.4240 | regular |
| Sep 3, 2024 | — | $0.4170 | regular |
| Jun 3, 2024 | — | $0.4100 | regular |
| Feb 29, 2024 | — | $0.4030 | regular |
| Nov 30, 2023 | — | $0.3960 | regular |
| Aug 31, 2023 | — | $0.3890 | regular |
| May 31, 2023 | — | $0.3820 | regular |
CWEN Dividend News
Clearway Energy Raises Quarterly Dividend 1.5%
Clearway Energy increased its quarterly dividend to $0.475 per share, extending its dividend-growth streak to 6 consecutive years.
Clearway Energy Raises Quarterly Dividend to $0.468
Clearway Energy increased its quarterly dividend to $0.468 per share, extending its dividend-growth streak to 6 consecutive years.
Income Calculator
At $1.86 / yr per share
