AQN vs CEG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, CEG (Constellation Energy Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. AQN offers the higher yield at 4.95%, CEG has the higher dividend-safety score, and AQN looks like the better value (its fair-value estimate is 17% above its share price).
Key facts: AQN vs CEG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Algonquin Power & Utilities Corp. (AQN) has the higher forward dividend yield at 4.95%, versus 0.63% for Constellation Energy Corporation (CEG).
- As of Oct 18, 2026, SmarterDividends grades AQN's dividend safety D (46/100) and CEG's B (77/100).
- By SmarterDividends' count as of Oct 18, 2026, AQN has raised its dividend for 0 consecutive years and CEG for 3.
- As of Oct 18, 2026, AQN pays out 108% of its earnings as dividends and CEG pays out 16%.
- As of Oct 18, 2026, AQN's fair-value estimate is 17% above its share price and CEG's fair-value estimate is 2% below its share price, so AQN looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AQN vs CEG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/aqn-vs-ceg
| Metric | AQN | CEG |
|---|---|---|
| Forward yield | 4.95% | 0.63% |
| Annual dividend | $0.26 | $1.71 |
| Payout ratio | 108% | 16% |
| Years of growth | 0 yr | 3 yr |
| 5-yr dividend growth | -15.6% | — |
| 5-yr total return | -61% | 465% |
| Dividend safety score | 46 (D) | 77 (B) |
| Fair value estimate | $6.12 | $267.26 |
| Upside to fair value | +17% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $4.0B | $96.1B |
| P/E ratio | 21.9 | 26.5 |
Higher yield
AQN
4.95%
Safer dividend
CEG
Grade B
Faster growth
AQN
-15.6%
Better value
AQN
+17% upside
AQN vs CEG — FAQ
Is AQN or CEG a better dividend stock?
On the data, CEG wins more head-to-head categories (5 vs 2). AQN offers the higher yield (4.95%), while CEG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AQN or CEG?
AQN has the higher forward dividend yield at 4.95%, versus 0.63% for CEG.
Is AQN or CEG safer?
CEG has the higher dividend-safety score (77/100 vs 46/100), reflecting stronger payout coverage and dividend-growth history.
Is AQN or CEG better value right now?
As of Oct 18, 2026, AQN looks like the better value: its fair-value estimate is 17% above its share price (undervalued). For CEG, its fair-value estimate is 2% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.