DUK vs MDU: Which Is the Better Dividend Stock?
As of Oct 29, 2026, DUK and MDU are closely matched. DUK offers the higher yield at 3.48%, DUK has the higher dividend-safety score, and MDU looks like the better value (its fair-value estimate is 1% above its share price).
Key facts: DUK vs MDU
Data as of · Source: SmarterDividends data
- As of Oct 29, 2026, Duke Energy Corporation (DUK) has the higher forward dividend yield at 3.48%, versus 2.88% for MDU Resources Group, Inc. (MDU).
- As of Oct 29, 2026, SmarterDividends grades DUK's dividend safety A (92/100) and MDU's C (61/100).
- By SmarterDividends' count as of Oct 29, 2026, DUK has raised its dividend for 21 consecutive years and MDU for 1.
- As of Oct 29, 2026, DUK pays out 64% of its earnings as dividends and MDU pays out 60%.
- As of Oct 29, 2026, DUK's fair-value estimate is 3% below its share price and MDU's fair-value estimate is 1% above its share price, so MDU looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "DUK vs MDU: Dividend Yield, Safety & Value Compared," updated Oct 29, 2026, https://smarterdividends.com/compare/duk-vs-mdu
| Metric | DUK | MDU |
|---|---|---|
| Forward yield | 3.48% | 2.88% |
| Annual dividend | $4.34 | $0.57 |
| Payout ratio | 64% | 60% |
| Years of growth | 21 yr | 1 yr |
| 5-yr dividend growth | 2.0% | 11.2% |
| 5-yr total return | 29% | 86% |
| Dividend safety score | 92 (A) | 61 (C) |
| Fair value estimate | $119.77 | $19.66 |
| Upside to fair value | -3% | +1% |
| Frequency | quarterly | quarterly |
| Market cap | $96.3B | $4.1B |
| P/E ratio | 18.6 | 20.7 |
Higher yield
DUK
3.48%
Safer dividend
DUK
Grade A
Faster growth
MDU
11.2%
Better value
MDU
+1% upside
DUK vs MDU — FAQ
Is DUK or MDU a better dividend stock?
DUK and MDU are closely matched. DUK has the higher yield; DUK scores better on safety.
Which has a higher dividend yield, DUK or MDU?
DUK has the higher forward dividend yield at 3.48%, versus 2.88% for MDU.
Is DUK or MDU safer?
DUK has the higher dividend-safety score (92/100 vs 61/100), reflecting stronger payout coverage and dividend-growth history.
Is DUK or MDU better value right now?
As of Oct 29, 2026, MDU looks like the better value: its fair-value estimate is 1% above its share price (fairly valued). For DUK, its fair-value estimate is 3% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.