CEG vs NWE: Which Is the Better Dividend Stock?
As of Oct 18, 2026, NWE (NorthWestern Energy Group, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. NWE offers the higher yield at 3.59%, NWE has the higher dividend-safety score, and CEG looks like the better value (its fair-value estimate is 2% below its share price).
Key facts: CEG vs NWE
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, NorthWestern Energy Group, Inc. (NWE) has the higher forward dividend yield at 3.59%, versus 0.63% for Constellation Energy Corporation (CEG).
- As of Oct 18, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and NWE's A (84/100).
- By SmarterDividends' count as of Oct 18, 2026, CEG has raised its dividend for 3 consecutive years and NWE for 17.
- As of Oct 18, 2026, CEG pays out 16% of its earnings as dividends and NWE pays out 96%.
- As of Oct 18, 2026, CEG's fair-value estimate is 2% below its share price and NWE's fair-value estimate is 21% below its share price, so CEG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs NWE: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/ceg-vs-nwe
| Metric | CEG | NWE |
|---|---|---|
| Forward yield | 0.63% | 3.59% |
| Annual dividend | $1.71 | $2.68 |
| Payout ratio | 16% | 96% |
| Years of growth | 3 yr | 17 yr |
| 5-yr dividend growth | — | 1.9% |
| 5-yr total return | 465% | 35% |
| Dividend safety score | 77 (B) | 84 (A) |
| Fair value estimate | $267.26 | $59.12 |
| Upside to fair value | -2% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $96.1B | $4.6B |
| P/E ratio | 26.5 | 27.0 |
Higher yield
NWE
3.59%
Safer dividend
NWE
Grade A
Faster growth
NWE
1.9%
Better value
CEG
-2% upside
CEG vs NWE — FAQ
Is CEG or NWE a better dividend stock?
On the data, NWE wins more head-to-head categories (4 vs 3). NWE offers the higher yield (3.59%), while NWE 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 NWE?
NWE has the higher forward dividend yield at 3.59%, versus 0.63% for CEG.
Is CEG or NWE safer?
NWE has the higher dividend-safety score (84/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or NWE better value right now?
As of Oct 18, 2026, CEG looks like the better value: its fair-value estimate is 2% below its share price (fairly valued). For NWE, its fair-value estimate is 21% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.