CEG vs ED: Which Is the Better Dividend Stock?
As of Oct 19, 2026, ED (Consolidated Edison, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. ED offers the higher yield at 3.16%, ED 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 ED
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, Consolidated Edison, Inc. (ED) has the higher forward dividend yield at 3.16%, versus 0.63% for Constellation Energy Corporation (CEG).
- As of Oct 19, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and ED's A (92/100).
- By SmarterDividends' count as of Oct 19, 2026, CEG has raised its dividend for 3 consecutive years and ED for 44.
- As of Oct 19, 2026, CEG pays out 16% of its earnings as dividends and ED pays out 57%.
- As of Oct 19, 2026, CEG's fair-value estimate is 2% below its share price and ED's fair-value estimate is 10% below its share price, so CEG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs ED: Dividend Yield, Safety & Value Compared," updated Oct 19, 2026, https://smarterdividends.com/compare/ceg-vs-ed
| Metric | CEG | ED |
|---|---|---|
| Forward yield | 0.63% | 3.16% |
| Annual dividend | $1.71 | $3.55 |
| Payout ratio | 16% | 57% |
| Years of growth | 3 yr | 44 yr |
| 5-yr dividend growth | — | 2.1% |
| 5-yr total return | 465% | 45% |
| Dividend safety score | 77 (B) | 92 (A) |
| Fair value estimate | $267.26 | $100.60 |
| Upside to fair value | -2% | -10% |
| Frequency | quarterly | quarterly |
| Market cap | $96.1B | $41.5B |
| P/E ratio | 26.5 | 18.5 |
Higher yield
ED
3.16%
Safer dividend
ED
Grade A
Faster growth
ED
2.1%
Better value
CEG
-2% upside
CEG vs ED — FAQ
Is CEG or ED a better dividend stock?
On the data, ED wins more head-to-head categories (4 vs 3). ED offers the higher yield (3.16%), while ED 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 ED?
ED has the higher forward dividend yield at 3.16%, versus 0.63% for CEG.
Is CEG or ED safer?
ED has the higher dividend-safety score (92/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or ED better value right now?
As of Oct 19, 2026, CEG looks like the better value: its fair-value estimate is 2% below its share price (fairly valued). For ED, its fair-value estimate is 10% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.