AWK vs CEG: Which Is the Better Dividend Stock?
As of Oct 24, 2026, AWK (American Water Works Company, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. AWK offers the higher yield at 2.51%, AWK has the higher dividend-safety score, and CEG looks like the better value (its fair-value estimate is 5% above its share price).
Key facts: AWK vs CEG
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, American Water Works Company, Inc. (AWK) has the higher forward dividend yield at 2.51%, versus 0.67% for Constellation Energy Corporation (CEG).
- As of Oct 24, 2026, SmarterDividends grades AWK's dividend safety A (85/100) and CEG's B (77/100).
- By SmarterDividends' count as of Oct 24, 2026, AWK has raised its dividend for 17 consecutive years and CEG for 3.
- As of Oct 24, 2026, AWK pays out 59% of its earnings as dividends and CEG pays out 16%.
- As of Oct 24, 2026, AWK's fair-value estimate is 21% below its share price and CEG's fair-value estimate is 5% above its share price, so CEG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AWK vs CEG: Dividend Yield, Safety & Value Compared," updated Oct 24, 2026, https://smarterdividends.com/compare/awk-vs-ceg
| Metric | AWK | CEG |
|---|---|---|
| Forward yield | 2.51% | 0.67% |
| Annual dividend | $3.58 | $1.71 |
| Payout ratio | 59% | 16% |
| Years of growth | 17 yr | 3 yr |
| 5-yr dividend growth | 8.6% | — |
| 5-yr total return | -15% | 428% |
| Dividend safety score | 85 (A) | 77 (B) |
| Fair value estimate | $113.04 | $267.26 |
| Upside to fair value | -21% | +5% |
| Frequency | quarterly | quarterly |
| Market cap | $28.4B | $89.8B |
| P/E ratio | 24.7 | 24.8 |
Higher yield
AWK
2.51%
Safer dividend
AWK
Grade A
Faster growth
AWK
8.6%
Better value
CEG
+5% upside
AWK vs CEG — FAQ
Is AWK or CEG a better dividend stock?
On the data, AWK wins more head-to-head categories (4 vs 3). AWK offers the higher yield (2.51%), while AWK has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AWK or CEG?
AWK has the higher forward dividend yield at 2.51%, versus 0.67% for CEG.
Is AWK or CEG safer?
AWK has the higher dividend-safety score (85/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is AWK or CEG better value right now?
As of Oct 24, 2026, CEG looks like the better value: its fair-value estimate is 5% above its share price (fairly valued). For AWK, its fair-value estimate is 21% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.