CEG vs CPK: Which Is the Better Dividend Stock?
As of Oct 18, 2026, CPK (Chesapeake Utilities Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. CPK offers the higher yield at 2.22%, CPK 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: CEG vs CPK
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Chesapeake Utilities Corporation (CPK) has the higher forward dividend yield at 2.22%, versus 0.63% for Constellation Energy Corporation (CEG).
- As of Oct 18, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and CPK's A (91/100).
- By SmarterDividends' count as of Oct 18, 2026, CEG has raised its dividend for 3 consecutive years and CPK for 22.
- As of Oct 18, 2026, CEG pays out 16% of its earnings as dividends and CPK pays out 45%.
- As of Oct 18, 2026, CEG's fair-value estimate is 2% below its share price and CPK's fair-value estimate is 26% below its share price, so CEG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs CPK: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/ceg-vs-cpk
| Metric | CEG | CPK |
|---|---|---|
| Forward yield | 0.63% | 2.22% |
| Annual dividend | $1.71 | $2.94 |
| Payout ratio | 16% | 45% |
| Years of growth | 3 yr | 22 yr |
| 5-yr dividend growth | — | 9.3% |
| 5-yr total return | 465% | 4% |
| Dividend safety score | 77 (B) | 91 (A) |
| Fair value estimate | $267.26 | $98.21 |
| Upside to fair value | -2% | -26% |
| Frequency | quarterly | quarterly |
| Market cap | $96.1B | $3.3B |
| P/E ratio | 26.5 | 21.1 |
Higher yield
CPK
2.22%
Safer dividend
CPK
Grade A
Faster growth
CPK
9.3%
Better value
CEG
-2% upside
CEG vs CPK — FAQ
Is CEG or CPK a better dividend stock?
On the data, CPK wins more head-to-head categories (4 vs 3). CPK offers the higher yield (2.22%), while CPK 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 CPK?
CPK has the higher forward dividend yield at 2.22%, versus 0.63% for CEG.
Is CEG or CPK safer?
CPK has the higher dividend-safety score (91/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or CPK 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 CPK, its fair-value estimate is 26% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.