SmarterDividends

CEG vs ED: Which Is the Better Dividend Stock?

As of August 2026, ED (Consolidated Edison, Inc.) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. ED offers the higher yield at 3.25%, ED has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+34%).

MetricCEGED
Forward yield0.63%3.25%
Annual dividend$1.71$3.51
Payout ratio16%57%
Years of growth3 yr44 yr
5-yr dividend growth2.1%
5-yr total return43%
Dividend safety score75 (B)92 (A)
Fair value estimate$361.03$106.95
Upside to fair value+34%-1%
Frequencyquarterlyquarterly
Market cap$95.6B$39.9B
P/E ratio26.417.8

Higher yield

ED

3.25%

Safer dividend

ED

Grade A

Faster growth

ED

2.1%

Better value

CEG

+34% upside

CEG vs ED — FAQ

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