CEG vs SWX: Which Is the Better Dividend Stock?
As of Oct 24, 2026, SWX (Southwest Gas Holdings, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. SWX offers the higher yield at 2.83%, SWX has the higher dividend-safety score, and SWX looks like the better value (its fair-value estimate is 21% above its share price).
Key facts: CEG vs SWX
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, Southwest Gas Holdings, Inc. (SWX) has the higher forward dividend yield at 2.83%, versus 0.67% for Constellation Energy Corporation (CEG).
- As of Oct 24, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and SWX's A (93/100).
- By SmarterDividends' count as of Oct 24, 2026, CEG has raised its dividend for 3 consecutive years and SWX for 0.
- As of Oct 24, 2026, CEG pays out 16% of its earnings as dividends and SWX pays out 63%.
- As of Oct 24, 2026, CEG's fair-value estimate is 5% above its share price and SWX's fair-value estimate is 21% above its share price, so SWX looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs SWX: Dividend Yield, Safety & Value Compared," updated Oct 24, 2026, https://smarterdividends.com/compare/ceg-vs-swx
| Metric | CEG | SWX |
|---|---|---|
| Forward yield | 0.67% | 2.83% |
| Annual dividend | $1.71 | $2.58 |
| Payout ratio | 16% | 63% |
| Years of growth | 3 yr | 0 yr |
| 5-yr dividend growth | — | 1.9% |
| 5-yr total return | 428% | 39% |
| Dividend safety score | 77 (B) | 93 (A) |
| Fair value estimate | $267.26 | $110.00 |
| Upside to fair value | +5% | +21% |
| Frequency | quarterly | quarterly |
| Market cap | $89.8B | $6.6B |
| P/E ratio | 24.8 | 22.8 |
Higher yield
SWX
2.83%
Safer dividend
SWX
Grade A
Faster growth
SWX
1.9%
Better value
SWX
+21% upside
CEG vs SWX — FAQ
Is CEG or SWX a better dividend stock?
On the data, SWX wins more head-to-head categories (4 vs 3). SWX offers the higher yield (2.83%), while SWX 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 SWX?
SWX has the higher forward dividend yield at 2.83%, versus 0.67% for CEG.
Is CEG or SWX safer?
SWX has the higher dividend-safety score (93/100 vs 77/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or SWX better value right now?
As of Oct 24, 2026, SWX looks like the better value: its fair-value estimate is 21% above its share price (undervalued). For CEG, its fair-value estimate is 5% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.