CEG vs OGS: Which Is the Better Dividend Stock?
As of Oct 18, 2026, OGS (ONE Gas, Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. OGS offers the higher yield at 3.60%, OGS has the higher dividend-safety score, and OGS looks like the better value (its fair-value estimate is 42% above its share price).
Key facts: CEG vs OGS
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, ONE Gas, Inc. (OGS) has the higher forward dividend yield at 3.60%, versus 0.63% for Constellation Energy Corporation (CEG).
- As of Oct 18, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and OGS's A (85/100).
- By SmarterDividends' count as of Oct 18, 2026, CEG has raised its dividend for 3 consecutive years and OGS for 11.
- As of Oct 18, 2026, CEG pays out 16% of its earnings as dividends and OGS pays out 58%.
- As of Oct 18, 2026, CEG's fair-value estimate is 2% below its share price and OGS's fair-value estimate is 42% above its share price, so OGS looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs OGS: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/ceg-vs-ogs
| Metric | CEG | OGS |
|---|---|---|
| Forward yield | 0.63% | 3.60% |
| Annual dividend | $1.71 | $2.72 |
| Payout ratio | 16% | 58% |
| Years of growth | 3 yr | 11 yr |
| 5-yr dividend growth | — | 4.4% |
| 5-yr total return | 465% | 17% |
| Dividend safety score | 77 (B) | 85 (A) |
| Fair value estimate | $267.26 | $107.06 |
| Upside to fair value | -2% | +42% |
| Frequency | quarterly | quarterly |
| Market cap | $96.1B | $4.8B |
| P/E ratio | 26.5 | 16.3 |
Higher yield
OGS
3.60%
Safer dividend
OGS
Grade A
Faster growth
OGS
4.4%
Better value
OGS
+42% upside
CEG vs OGS — FAQ
Is CEG or OGS a better dividend stock?
On the data, OGS wins more head-to-head categories (5 vs 2). OGS offers the higher yield (3.60%), while OGS 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 OGS?
OGS has the higher forward dividend yield at 3.60%, versus 0.63% for CEG.
Is CEG or OGS safer?
OGS has the higher dividend-safety score (85/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or OGS better value right now?
As of Oct 18, 2026, OGS looks like the better value: its fair-value estimate is 42% above its share price (undervalued). For CEG, its fair-value estimate is 2% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.