CEG vs EXC: 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. EXC offers the higher yield at 3.99%, EXC has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+42%).
| Metric | CEG | EXC |
|---|---|---|
| Forward yield | 0.67% | 3.99% |
| Annual dividend | $1.71 | $1.68 |
| Payout ratio | 16% | 60% |
| Years of growth | 3 yr | 4 yr |
| 5-yr dividend growth | — | 7.9% |
| 5-yr total return | 431% | 11% |
| Dividend safety score | 77 (B) | 79 (B) |
| Fair value estimate | $361.39 | $51.82 |
| Upside to fair value | +42% | +23% |
| Frequency | quarterly | quarterly |
| Market cap | $90.2B | $43.3B |
| P/E ratio | 24.9 | 15.5 |
Higher yield
EXC
3.99%
Safer dividend
EXC
Grade B
Faster growth
EXC
7.9%
Better value
CEG
+42% upside
CEG vs EXC — FAQ
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