CEG vs MGEE: Which Is the Better Dividend Stock?
As of September 2026, MGEE (MGE Energy, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. MGEE offers the higher yield at 2.74%, MGEE has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+42%).
| Metric | CEG | MGEE |
|---|---|---|
| Forward yield | 0.67% | 2.74% |
| Annual dividend | $1.71 | $2.03 |
| Payout ratio | 16% | 47% |
| Years of growth | 3 yr | 38 yr |
| 5-yr dividend growth | — | 5.1% |
| 5-yr total return | 431% | -2% |
| Dividend safety score | 77 (B) | 93 (A) |
| Fair value estimate | $361.39 | $61.82 |
| Upside to fair value | +42% | -17% |
| Frequency | quarterly | quarterly |
| Market cap | $90.2B | $2.8B |
| P/E ratio | 24.9 | 18.2 |
Higher yield
MGEE
2.74%
Safer dividend
MGEE
Grade A
Faster growth
MGEE
5.1%
Better value
CEG
+42% upside
CEG vs MGEE — FAQ
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