CEG vs TXNM: Which Is the Better Dividend Stock?
As of September 2026, TXNM (TXNM Energy, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. TXNM offers the higher yield at 7.92%, CEG has the higher dividend-safety score, and TXNM trades at the larger discount to fair value (+59%).
| Metric | CEG | TXNM |
|---|---|---|
| Forward yield | 0.60% | 7.92% |
| Annual dividend | $1.71 | $4.58 |
| Payout ratio | 16% | 91% |
| Years of growth | 3 yr | 14 yr |
| 5-yr dividend growth | — | 5.8% |
| 5-yr total return | 493% | 17% |
| Dividend safety score | 77 (B) | 70 (B) |
| Fair value estimate | $360.68 | $92.28 |
| Upside to fair value | +21% | +59% |
| Frequency | quarterly | quarterly |
| Market cap | $100.9B | $5.9B |
| P/E ratio | 27.9 | 31.7 |
Higher yield
TXNM
7.92%
Safer dividend
CEG
Grade B
Faster growth
TXNM
5.8%
Better value
TXNM
+59% upside
CEG vs TXNM — FAQ
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