AEP vs CEG: Which Is the Better Dividend Stock?
As of September 2026, AEP (American Electric Power Company, Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. AEP offers the higher yield at 3.05%, AEP has the higher dividend-safety score, and AEP trades at the larger discount to fair value (+73%).
| Metric | AEP | CEG |
|---|---|---|
| Forward yield | 3.05% | 0.57% |
| Annual dividend | $3.80 | $1.71 |
| Payout ratio | 66% | 16% |
| Years of growth | 16 yr | 3 yr |
| 5-yr dividend growth | 5.7% | — |
| 5-yr total return | 53% | 523% |
| Dividend safety score | 88 (A) | 77 (B) |
| Fair value estimate | $215.16 | $360.68 |
| Upside to fair value | +73% | +21% |
| Frequency | quarterly | quarterly |
| Market cap | $68.3B | $106.0B |
| P/E ratio | 21.8 | 29.3 |
Higher yield
AEP
3.05%
Safer dividend
AEP
Grade A
Faster growth
AEP
5.7%
Better value
AEP
+73% upside
AEP vs CEG — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.