CEG vs OGE: 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. OGE offers the higher yield at 3.74%, OGE has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+42%).
| Metric | CEG | OGE |
|---|---|---|
| Forward yield | 0.67% | 3.74% |
| Annual dividend | $1.71 | $1.70 |
| Payout ratio | 16% | 75% |
| Years of growth | 3 yr | 19 yr |
| 5-yr dividend growth | — | 1.5% |
| 5-yr total return | 431% | 34% |
| Dividend safety score | 77 (B) | 90 (A) |
| Fair value estimate | $361.39 | $51.41 |
| Upside to fair value | +42% | +13% |
| Frequency | quarterly | quarterly |
| Market cap | $90.2B | $9.4B |
| P/E ratio | 24.9 | 20.0 |
Higher yield
OGE
3.74%
Safer dividend
OGE
Grade A
Faster growth
OGE
1.5%
Better value
CEG
+42% upside
CEG vs OGE — FAQ
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