CEG vs NWN: Which Is the Better Dividend Stock?
As of Oct 18, 2026, NWN (Northwest Natural Holding Company) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NWN offers the higher yield at 4.08%, NWN has the higher dividend-safety score, and NWN looks like the better value (its fair-value estimate is 1% above its share price).
Key facts: CEG vs NWN
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Northwest Natural Holding Company (NWN) has the higher forward dividend yield at 4.08%, versus 0.63% for Constellation Energy Corporation (CEG).
- As of Oct 18, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and NWN's A (89/100).
- By SmarterDividends' count as of Oct 18, 2026, CEG has raised its dividend for 3 consecutive years and NWN for 24.
- As of Oct 18, 2026, CEG pays out 16% of its earnings as dividends and NWN pays out 65%.
- As of Oct 18, 2026, CEG's fair-value estimate is 2% below its share price and NWN's fair-value estimate is 1% above its share price, so NWN looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs NWN: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/ceg-vs-nwn
| Metric | CEG | NWN |
|---|---|---|
| Forward yield | 0.63% | 4.08% |
| Annual dividend | $1.71 | $2.00 |
| Payout ratio | 16% | 65% |
| Years of growth | 3 yr | 24 yr |
| 5-yr dividend growth | — | 0.5% |
| 5-yr total return | 465% | 14% |
| Dividend safety score | 77 (B) | 89 (A) |
| Fair value estimate | $267.26 | $49.36 |
| Upside to fair value | -2% | +1% |
| Frequency | quarterly | quarterly |
| Market cap | $96.1B | $2.1B |
| P/E ratio | 26.5 | 16.3 |
Higher yield
NWN
4.08%
Safer dividend
NWN
Grade A
Faster growth
NWN
0.5%
Better value
NWN
+1% upside
CEG vs NWN — FAQ
Is CEG or NWN a better dividend stock?
On the data, NWN wins more head-to-head categories (5 vs 2). NWN offers the higher yield (4.08%), while NWN 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 NWN?
NWN has the higher forward dividend yield at 4.08%, versus 0.63% for CEG.
Is CEG or NWN safer?
NWN has the higher dividend-safety score (89/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or NWN better value right now?
As of Oct 18, 2026, NWN looks like the better value: its fair-value estimate is 1% above its share price (fairly valued). For CEG, its fair-value estimate is 2% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.