AES vs CEG: Which Is the Better Dividend Stock?
As of Oct 27, 2026, CEG (Constellation Energy Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. AES offers the higher yield at 4.68%, AES has the higher dividend-safety score, and CEG looks like the better value (its fair-value estimate is 6% above its share price).
Key facts: AES vs CEG
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, The AES Corporation (AES) has the higher forward dividend yield at 4.68%, versus 0.68% for Constellation Energy Corporation (CEG).
- As of Oct 27, 2026, SmarterDividends grades AES's dividend safety A (87/100) and CEG's B (77/100).
- By SmarterDividends' count as of Oct 27, 2026, AES has raised its dividend for 12 consecutive years and CEG for 3.
- As of Oct 27, 2026, AES pays out 26% of its earnings as dividends and CEG pays out 16%.
- As of Oct 27, 2026, AES's fair-value estimate is 7% below its share price and CEG's fair-value estimate is 6% above its share price, so CEG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AES vs CEG: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/aes-vs-ceg
| Metric | AES | CEG |
|---|---|---|
| Forward yield | 4.68% | 0.68% |
| Annual dividend | $0.70 | $1.71 |
| Payout ratio | 26% | 16% |
| Years of growth | 12 yr | 3 yr |
| 5-yr dividend growth | 4.2% | — |
| 5-yr total return | -36% | 428% |
| Dividend safety score | 87 (A) | 77 (B) |
| Fair value estimate | $13.94 | $267.26 |
| Upside to fair value | -7% | +6% |
| Frequency | quarterly | quarterly |
| Market cap | $10.7B | $89.5B |
| P/E ratio | 5.6 | 24.8 |
Higher yield
AES
4.68%
Safer dividend
AES
Grade A
Faster growth
AES
4.2%
Better value
CEG
+6% upside
AES vs CEG — FAQ
Is AES or CEG a better dividend stock?
On the data, CEG wins more head-to-head categories (4 vs 3). AES offers the higher yield (4.68%), while AES has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AES or CEG?
AES has the higher forward dividend yield at 4.68%, versus 0.68% for CEG.
Is AES or CEG safer?
AES has the higher dividend-safety score (87/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is AES or CEG better value right now?
As of Oct 27, 2026, CEG looks like the better value: its fair-value estimate is 6% above its share price (fairly valued). For AES, its fair-value estimate is 7% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.