AEE vs CEG: Which Is the Better Dividend Stock?
As of Oct 22, 2026, AEE (Ameren Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. AEE offers the higher yield at 2.82%, AEE has the higher dividend-safety score, and AEE looks like the better value (its fair-value estimate is 1% below its share price).
Key facts: AEE vs CEG
Data as of · Source: SmarterDividends data
- As of Oct 22, 2026, Ameren Corporation (AEE) has the higher forward dividend yield at 2.82%, versus 0.63% for Constellation Energy Corporation (CEG).
- As of Oct 22, 2026, SmarterDividends grades AEE's dividend safety A (84/100) and CEG's B (77/100).
- By SmarterDividends' count as of Oct 22, 2026, AEE has raised its dividend for 12 consecutive years and CEG for 3.
- As of Oct 22, 2026, AEE pays out 51% of its earnings as dividends and CEG pays out 16%.
- As of Oct 22, 2026, AEE's fair-value estimate is 1% below its share price and CEG's fair-value estimate is 1% below its share price, so AEE looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AEE vs CEG: Dividend Yield, Safety & Value Compared," updated Oct 22, 2026, https://smarterdividends.com/compare/aee-vs-ceg
| Metric | AEE | CEG |
|---|---|---|
| Forward yield | 2.82% | 0.63% |
| Annual dividend | $3.00 | $1.71 |
| Payout ratio | 51% | 16% |
| Years of growth | 12 yr | 3 yr |
| 5-yr dividend growth | 7.3% | — |
| 5-yr total return | 30% | 465% |
| Dividend safety score | 84 (A) | 77 (B) |
| Fair value estimate | $105.90 | $267.26 |
| Upside to fair value | -1% | -1% |
| Frequency | quarterly | quarterly |
| Market cap | $29.5B | $95.9B |
| P/E ratio | 18.7 | 26.5 |
Higher yield
AEE
2.82%
Safer dividend
AEE
Grade A
Faster growth
AEE
7.3%
Better value
AEE
-1% upside
AEE vs CEG — FAQ
Is AEE or CEG a better dividend stock?
On the data, AEE wins more head-to-head categories (5 vs 2). AEE offers the higher yield (2.82%), while AEE has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AEE or CEG?
AEE has the higher forward dividend yield at 2.82%, versus 0.63% for CEG.
Is AEE or CEG safer?
AEE has the higher dividend-safety score (84/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is AEE or CEG better value right now?
As of Oct 22, 2026, AEE looks like the better value: its fair-value estimate is 1% below its share price (fairly valued). For CEG, its fair-value estimate is 1% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.