CEG vs TXNM: Which Is the Better Dividend Stock?
As of July 2026, CEG (Constellation Energy Corporation) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. TXNM offers the higher yield at 2.94%, CEG has the higher dividend-safety score, and CEG trades at the larger discount to fair value (+61%).
| Metric | CEG | TXNM |
|---|---|---|
| Forward yield | 0.68% | 2.94% |
| Annual dividend | $1.71 | $1.69 |
| Payout ratio | 14% | 117% |
| Years of growth | 3 yr | 14 yr |
| 5-yr dividend growth | — | 5.8% |
| 5-yr total return | — | 16% |
| Dividend safety score | 75 (B) | 75 (B) |
| Fair value estimate | $406.21 | $41.73 |
| Upside to fair value | +61% | -27% |
| Frequency | quarterly | quarterly |
| Market cap | $90.5B | $6.4B |
| P/E ratio | 21.9 | 41.0 |
Higher yield
TXNM
2.94%
Safer dividend
CEG
Grade B
Faster growth
TXNM
5.8%
Better value
CEG
+61% upside
CEG vs TXNM — FAQ
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