CEG vs CMS-PB: Which Is the Better Dividend Stock?
As of Oct 27, 2026, CMS-PB (Consumers Energy Company) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. CMS-PB offers the higher yield at 6.10%, CMS-PB has the higher dividend-safety score, and CMS-PB looks like the better value (its fair-value estimate is 65% above its share price).
Key facts: CEG vs CMS-PB
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Consumers Energy Company (CMS-PB) has the higher forward dividend yield at 6.10%, versus 0.68% for Constellation Energy Corporation (CEG).
- As of Oct 27, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and CMS-PB's A (89/100).
- By SmarterDividends' count as of Oct 27, 2026, CEG has raised its dividend for 3 consecutive years and CMS-PB for 0.
- As of Oct 27, 2026, CEG's fair-value estimate is 6% above its share price and CMS-PB's fair-value estimate is 65% above its share price, so CMS-PB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs CMS-PB: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/ceg-vs-cms-pb
| Metric | CEG | CMS-PB |
|---|---|---|
| Forward yield | 0.68% | 6.10% |
| Annual dividend | $1.71 | $4.50 |
| Payout ratio | 16% | — |
| Years of growth | 3 yr | 0 yr |
| 5-yr dividend growth | — | 0.0% |
| 5-yr total return | 428% | -33% |
| Dividend safety score | 77 (B) | 89 (A) |
| Fair value estimate | $267.26 | $121.32 |
| Upside to fair value | +6% | +65% |
| Frequency | quarterly | quarterly |
| Market cap | $89.5B | — |
| P/E ratio | 24.8 | 6.8 |
Higher yield
CMS-PB
6.10%
Safer dividend
CMS-PB
Grade A
Faster growth
CMS-PB
0.0%
Better value
CMS-PB
+65% upside
CEG vs CMS-PB — FAQ
Is CEG or CMS-PB a better dividend stock?
On the data, CMS-PB wins more head-to-head categories (4 vs 2). CMS-PB offers the higher yield (6.10%), while CMS-PB has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CEG or CMS-PB?
CMS-PB has the higher forward dividend yield at 6.10%, versus 0.68% for CEG.
Is CEG or CMS-PB safer?
CMS-PB has the higher dividend-safety score (89/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or CMS-PB better value right now?
As of Oct 27, 2026, CMS-PB looks like the better value: its fair-value estimate is 65% above its share price (undervalued). For CEG, its fair-value estimate is 6% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.