AWR vs CEG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, AWR (American States Water Company) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. AWR offers the higher yield at 2.61%, AWR has the higher dividend-safety score, and CEG looks like the better value (its fair-value estimate is 2% below its share price).
Key facts: AWR vs CEG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, American States Water Company (AWR) has the higher forward dividend yield at 2.61%, versus 0.63% for Constellation Energy Corporation (CEG).
- As of Oct 18, 2026, SmarterDividends grades AWR's dividend safety A (91/100) and CEG's B (77/100).
- By SmarterDividends' count as of Oct 18, 2026, AWR has raised its dividend for 23 consecutive years and CEG for 3.
- As of Oct 18, 2026, AWR pays out 55% of its earnings as dividends and CEG pays out 16%.
- As of Oct 18, 2026, AWR's fair-value estimate is 12% below its share price and CEG's fair-value estimate is 2% below its share price, so CEG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AWR vs CEG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/awr-vs-ceg
| Metric | AWR | CEG |
|---|---|---|
| Forward yield | 2.61% | 0.63% |
| Annual dividend | $2.18 | $1.71 |
| Payout ratio | 55% | 16% |
| Years of growth | 23 yr | 3 yr |
| 5-yr dividend growth | 8.7% | — |
| 5-yr total return | -11% | 465% |
| Dividend safety score | 91 (A) | 77 (B) |
| Fair value estimate | $73.51 | $267.26 |
| Upside to fair value | -12% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $3.3B | $96.1B |
| P/E ratio | 22.9 | 26.5 |
Higher yield
AWR
2.61%
Safer dividend
AWR
Grade A
Faster growth
AWR
8.7%
Better value
CEG
-2% upside
AWR vs CEG — FAQ
Is AWR or CEG a better dividend stock?
On the data, AWR wins more head-to-head categories (4 vs 3). AWR offers the higher yield (2.61%), while AWR has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AWR or CEG?
AWR has the higher forward dividend yield at 2.61%, versus 0.63% for CEG.
Is AWR or CEG safer?
AWR has the higher dividend-safety score (91/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is AWR or CEG better value right now?
As of Oct 18, 2026, CEG looks like the better value: its fair-value estimate is 2% below its share price (fairly valued). For AWR, its fair-value estimate is 12% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.