AES vs CEG: Which Is the Better Dividend Stock?
As of September 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 4.76%, AES has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+21%).
| Metric | AES | CEG |
|---|---|---|
| Forward yield | 4.76% | 0.60% |
| 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 | -35% | 493% |
| Dividend safety score | 85 (A) | 77 (B) |
| Fair value estimate | $13.39 | $360.68 |
| Upside to fair value | -9% | +21% |
| Frequency | quarterly | quarterly |
| Market cap | $10.6B | $100.9B |
| P/E ratio | 5.5 | 27.9 |
Higher yield
AES
4.76%
Safer dividend
AES
Grade A
Faster growth
AES
4.2%
Better value
CEG
+21% upside
AES vs CEG — FAQ
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