CMS vs NEE: Which Is the Better Dividend Stock?
As of September 2026, NEE (NextEra Energy, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CMS offers the higher yield at 3.49%, NEE has the higher dividend-safety score, and CMS trades at the larger discount to fair value (+6%).
| Metric | CMS | NEE |
|---|---|---|
| Forward yield | 3.49% | 3.10% |
| Annual dividend | $2.28 | $2.49 |
| Payout ratio | 67% | 53% |
| Years of growth | 18 yr | 30 yr |
| 5-yr dividend growth | 5.9% | 10.1% |
| 5-yr total return | 8% | -6% |
| Dividend safety score | 82 (A) | 90 (A) |
| Fair value estimate | $69.53 | $83.06 |
| Upside to fair value | +6% | +3% |
| Frequency | quarterly | quarterly |
| Market cap | $20.2B | $167.8B |
| P/E ratio | 19.6 | 18.1 |
Higher yield
CMS
3.49%
Safer dividend
NEE
Grade A
Faster growth
NEE
10.1%
Better value
CMS
+6% upside
CMS vs NEE — FAQ
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