CEG vs MDU: Which Is the Better Dividend Stock?
As of Oct 29, 2026, CEG (Constellation Energy Corporation) screens as the stronger dividend stock, winning 6 of 7 head-to-head metrics. MDU offers the higher yield at 2.88%, CEG has the higher dividend-safety score, and CEG looks like the better value (its fair-value estimate is 4% above its share price).
Key facts: CEG vs MDU
Data as of · Source: SmarterDividends data
- As of Oct 29, 2026, MDU Resources Group, Inc. (MDU) has the higher forward dividend yield at 2.88%, versus 0.68% for Constellation Energy Corporation (CEG).
- As of Oct 29, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and MDU's C (61/100).
- By SmarterDividends' count as of Oct 29, 2026, CEG has raised its dividend for 3 consecutive years and MDU for 1.
- As of Oct 29, 2026, CEG pays out 16% of its earnings as dividends and MDU pays out 60%.
- As of Oct 29, 2026, CEG's fair-value estimate is 4% above its share price and MDU's fair-value estimate is 1% above its share price, so CEG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs MDU: Dividend Yield, Safety & Value Compared," updated Oct 29, 2026, https://smarterdividends.com/compare/ceg-vs-mdu
| Metric | CEG | MDU |
|---|---|---|
| Forward yield | 0.68% | 2.88% |
| Annual dividend | $1.71 | $0.57 |
| Payout ratio | 16% | 60% |
| Years of growth | 3 yr | 1 yr |
| 5-yr dividend growth | — | 11.2% |
| 5-yr total return | 428% | 86% |
| Dividend safety score | 77 (B) | 61 (C) |
| Fair value estimate | $267.26 | $19.66 |
| Upside to fair value | +4% | +1% |
| Frequency | quarterly | quarterly |
| Market cap | $91.4B | $4.1B |
| P/E ratio | 25.2 | 20.7 |
Higher yield
MDU
2.88%
Safer dividend
CEG
Grade B
Faster growth
MDU
11.2%
Better value
CEG
+4% upside
CEG vs MDU — FAQ
Is CEG or MDU a better dividend stock?
On the data, CEG wins more head-to-head categories (6 vs 1). MDU offers the higher yield (2.88%), while CEG 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 MDU?
MDU has the higher forward dividend yield at 2.88%, versus 0.68% for CEG.
Is CEG or MDU safer?
CEG has the higher dividend-safety score (77/100 vs 61/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or MDU better value right now?
As of Oct 29, 2026, CEG looks like the better value: its fair-value estimate is 4% above its share price (fairly valued). For MDU, its fair-value estimate is 1% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.