CEG vs CWT: Which Is the Better Dividend Stock?
As of Oct 18, 2026, CEG (Constellation Energy Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. CWT offers the higher yield at 2.89%, CWT 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 CWT
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, California Water Service Group (CWT) has the higher forward dividend yield at 2.89%, versus 0.63% for Constellation Energy Corporation (CEG).
- As of Oct 18, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and CWT's A (89/100).
- By SmarterDividends' count as of Oct 18, 2026, CEG has raised its dividend for 3 consecutive years and CWT for 22.
- As of Oct 18, 2026, CEG pays out 16% of its earnings as dividends and CWT pays out 57%.
- As of Oct 18, 2026, CEG's fair-value estimate is 2% below its share price and CWT's fair-value estimate is 39% below its share price, so CEG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs CWT: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/ceg-vs-cwt
| Metric | CEG | CWT |
|---|---|---|
| Forward yield | 0.63% | 2.89% |
| Annual dividend | $1.71 | $1.34 |
| Payout ratio | 16% | 57% |
| Years of growth | 3 yr | 22 yr |
| 5-yr dividend growth | — | 7.8% |
| 5-yr total return | 465% | -26% |
| Dividend safety score | 77 (B) | 89 (A) |
| Fair value estimate | $267.26 | $28.39 |
| Upside to fair value | -2% | -39% |
| Frequency | quarterly | quarterly |
| Market cap | $96.1B | $2.9B |
| P/E ratio | 26.5 | 20.8 |
Higher yield
CWT
2.89%
Safer dividend
CWT
Grade A
Faster growth
CWT
7.8%
Better value
CEG
-2% upside
CEG vs CWT — FAQ
Is CEG or CWT a better dividend stock?
On the data, CEG wins more head-to-head categories (4 vs 3). CWT offers the higher yield (2.89%), while CWT 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 CWT?
CWT has the higher forward dividend yield at 2.89%, versus 0.63% for CEG.
Is CEG or CWT safer?
CWT has the higher dividend-safety score (89/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or CWT 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 CWT, its fair-value estimate is 39% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.