CEG vs CWEN: Which Is the Better Dividend Stock?
As of Oct 27, 2026, CEG (Constellation Energy Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. CWEN offers the higher yield at 5.91%, CEG has the higher dividend-safety score, and CEG looks like the better value (its fair-value estimate is 6% above its share price).
Key facts: CEG vs CWEN
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Clearway Energy, Inc. (CWEN) has the higher forward dividend yield at 5.91%, versus 0.68% for Constellation Energy Corporation (CEG).
- As of Oct 27, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and CWEN's C (59/100).
- By SmarterDividends' count as of Oct 27, 2026, CEG has raised its dividend for 3 consecutive years and CWEN for 6.
- As of Oct 27, 2026, CEG pays out 16% of its earnings as dividends and CWEN pays out 237%.
- As of Oct 27, 2026, CEG's fair-value estimate is 6% above its share price and CWEN's fair-value estimate is 14% below its share price, so CEG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs CWEN: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/ceg-vs-cwen
| Metric | CEG | CWEN |
|---|---|---|
| Forward yield | 0.68% | 5.91% |
| Annual dividend | $1.71 | $1.86 |
| Payout ratio | 16% | 237% |
| Years of growth | 3 yr | 6 yr |
| 5-yr dividend growth | — | 11.0% |
| 5-yr total return | 428% | -17% |
| Dividend safety score | 77 (B) | 59 (C) |
| Fair value estimate | $267.26 | $26.97 |
| Upside to fair value | +6% | -14% |
| Frequency | quarterly | quarterly |
| Market cap | $89.5B | $7.7B |
| P/E ratio | 24.8 | 40.8 |
Higher yield
CWEN
5.91%
Safer dividend
CEG
Grade B
Faster growth
CWEN
11.0%
Better value
CEG
+6% upside
CEG vs CWEN — FAQ
Is CEG or CWEN a better dividend stock?
On the data, CEG wins more head-to-head categories (4 vs 3). CWEN offers the higher yield (5.91%), while CEG 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 CWEN?
CWEN has the higher forward dividend yield at 5.91%, versus 0.68% for CEG.
Is CEG or CWEN safer?
CEG has the higher dividend-safety score (77/100 vs 59/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or CWEN better value right now?
As of Oct 27, 2026, CEG looks like the better value: its fair-value estimate is 6% above its share price (fairly valued). For CWEN, its fair-value estimate is 14% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.