CEG vs OGE: Which Is the Better Dividend Stock?
As of July 2026, CEG and OGE are closely matched. OGE offers the higher yield at 3.49%, OGE has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+61%).
| Metric | CEG | OGE |
|---|---|---|
| Forward yield | 0.68% | 3.49% |
| Annual dividend | $1.71 | $1.70 |
| Payout ratio | 14% | 75% |
| Years of growth | 3 yr | 19 yr |
| 5-yr dividend growth | — | 1.5% |
| 5-yr total return | — | 38% |
| Dividend safety score | 75 (B) | 90 (A) |
| Fair value estimate | $406.21 | $50.10 |
| Upside to fair value | +61% | +3% |
| Frequency | quarterly | quarterly |
| Market cap | $90.5B | $10.0B |
| P/E ratio | 21.9 | 21.6 |
Higher yield
OGE
3.49%
Safer dividend
OGE
Grade A
Faster growth
OGE
1.5%
Better value
CEG
+61% upside
CEG vs OGE — FAQ
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