CEG vs CWEN: Which Is the Better Dividend Stock?
As of September 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 5.87%, CEG has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+26%).
| Metric | CEG | CWEN |
|---|---|---|
| Forward yield | 0.60% | 5.87% |
| Annual dividend | $1.71 | $1.86 |
| Payout ratio | 16% | 212% |
| Years of growth | 3 yr | 6 yr |
| 5-yr dividend growth | — | 11.0% |
| 5-yr total return | 493% | 3% |
| Dividend safety score | 77 (B) | 59 (C) |
| Fair value estimate | $359.62 | $38.66 |
| Upside to fair value | +26% | +24% |
| Frequency | quarterly | quarterly |
| Market cap | $100.9B | $7.7B |
| P/E ratio | 27.9 | 36.6 |
Higher yield
CWEN
5.87%
Safer dividend
CEG
Grade B
Faster growth
CWEN
11.0%
Better value
CEG
+26% upside
CEG vs CWEN — FAQ
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