DUK vs EXC: Which Is the Better Dividend Stock?
As of September 2026, DUK and EXC are closely matched. EXC offers the higher yield at 3.99%, DUK has the higher dividend-safety score, and EXC trades at the larger discount to fair value (+23%).
| Metric | DUK | EXC |
|---|---|---|
| Forward yield | 3.69% | 3.99% |
| Annual dividend | $4.34 | $1.68 |
| Payout ratio | 64% | 60% |
| Years of growth | 21 yr | 4 yr |
| 5-yr dividend growth | 2.0% | 7.9% |
| 5-yr total return | 15% | 11% |
| Dividend safety score | 92 (A) | 79 (B) |
| Fair value estimate | $128.37 | $51.82 |
| Upside to fair value | +9% | +23% |
| Frequency | quarterly | quarterly |
| Market cap | $91.6B | $43.3B |
| P/E ratio | 17.7 | 15.5 |
Higher yield
EXC
3.99%
Safer dividend
DUK
Grade A
Faster growth
EXC
7.9%
Better value
EXC
+23% upside
DUK vs EXC — FAQ
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