BKH vs CEG: Which Is the Better Dividend Stock?
As of September 2026, BKH (Black Hills Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. BKH offers the higher yield at 3.99%, BKH has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+42%).
| Metric | BKH | CEG |
|---|---|---|
| Forward yield | 3.99% | 0.65% |
| Annual dividend | $2.81 | $1.71 |
| Payout ratio | 69% | 16% |
| Years of growth | 30 yr | 3 yr |
| 5-yr dividend growth | 4.5% | — |
| 5-yr total return | 6% | 431% |
| Dividend safety score | 92 (A) | 77 (B) |
| Fair value estimate | $69.92 | $361.39 |
| Upside to fair value | -1% | +42% |
| Frequency | quarterly | quarterly |
| Market cap | $5.3B | $91.9B |
| P/E ratio | 17.6 | 25.3 |
Higher yield
BKH
3.99%
Safer dividend
BKH
Grade A
Faster growth
BKH
4.5%
Better value
CEG
+42% upside
BKH vs CEG — FAQ
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