SmarterDividends

AEE vs CEG: Which Is the Better Dividend Stock?

As of September 2026, AEE (Ameren Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. AEE offers the higher yield at 2.82%, AEE has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+21%).

MetricAEECEG
Forward yield2.82%0.57%
Annual dividend$3.00$1.71
Payout ratio51%16%
Years of growth12 yr3 yr
5-yr dividend growth7.3%
5-yr total return31%523%
Dividend safety score82 (A)77 (B)
Fair value estimate$109.66$360.68
Upside to fair value+3%+21%
Frequencyquarterlyquarterly
Market cap$29.5B$105.9B
P/E ratio18.829.3

Higher yield

AEE

2.82%

Safer dividend

AEE

Grade A

Faster growth

AEE

7.3%

Better value

CEG

+21% upside

AEE vs CEG — FAQ

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