CEG vs NJR: Which Is the Better Dividend Stock?
As of Oct 23, 2026, NJR (New Jersey Resources Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NJR offers the higher yield at 3.73%, NJR has the higher dividend-safety score, and NJR looks like the better value (its fair-value estimate is 15% above its share price).
Key facts: CEG vs NJR
Data as of · Source: SmarterDividends data
- As of Oct 23, 2026, New Jersey Resources Corporation (NJR) has the higher forward dividend yield at 3.73%, versus 0.67% for Constellation Energy Corporation (CEG).
- As of Oct 23, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and NJR's A (93/100).
- By SmarterDividends' count as of Oct 23, 2026, CEG has raised its dividend for 3 consecutive years and NJR for 30.
- As of Oct 23, 2026, CEG pays out 16% of its earnings as dividends and NJR pays out 53%.
- As of Oct 23, 2026, CEG's fair-value estimate is 5% above its share price and NJR's fair-value estimate is 15% above its share price, so NJR looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs NJR: Dividend Yield, Safety & Value Compared," updated Oct 23, 2026, https://smarterdividends.com/compare/ceg-vs-njr
| Metric | CEG | NJR |
|---|---|---|
| Forward yield | 0.67% | 3.73% |
| Annual dividend | $1.71 | $2.00 |
| Payout ratio | 16% | 53% |
| Years of growth | 3 yr | 30 yr |
| 5-yr dividend growth | — | 7.4% |
| 5-yr total return | 428% | 45% |
| Dividend safety score | 77 (B) | 93 (A) |
| Fair value estimate | $267.26 | $61.47 |
| Upside to fair value | +5% | +15% |
| Frequency | quarterly | quarterly |
| Market cap | $90.4B | $5.4B |
| P/E ratio | 26.5 | 14.9 |
Higher yield
NJR
3.73%
Safer dividend
NJR
Grade A
Faster growth
NJR
7.4%
Better value
NJR
+15% upside
CEG vs NJR — FAQ
Is CEG or NJR a better dividend stock?
On the data, NJR wins more head-to-head categories (5 vs 2). NJR offers the higher yield (3.73%), while NJR 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 NJR?
NJR has the higher forward dividend yield at 3.73%, versus 0.67% for CEG.
Is CEG or NJR safer?
NJR has the higher dividend-safety score (93/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or NJR better value right now?
As of Oct 23, 2026, NJR looks like the better value: its fair-value estimate is 15% above its share price (fairly valued). For CEG, its fair-value estimate is 5% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.