SmarterDividends

CEG vs NI: 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. NI offers the higher yield at 2.96%, NI has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+42%).

MetricCEGNI
Forward yield0.67%2.96%
Annual dividend$1.71$1.20
Payout ratio16%62%
Years of growth3 yr14 yr
5-yr dividend growth5.9%
5-yr total return431%64%
Dividend safety score77 (B)87 (A)
Fair value estimate$361.39$43.44
Upside to fair value+42%+7%
Frequencyquarterlyquarterly
Market cap$90.2B$19.5B
P/E ratio24.921.6

Higher yield

NI

2.96%

Safer dividend

NI

Grade A

Faster growth

NI

5.9%

Better value

CEG

+42% upside

CEG vs NI — FAQ

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