SmarterDividends

DUK vs MDU: Which Is the Better Dividend Stock?

As of September 2026, DUK (Duke Energy Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. DUK offers the higher yield at 3.60%, DUK has the higher dividend-safety score, and DUK trades at the larger discount to fair value (+7%).

MetricDUKMDU
Forward yield3.60%2.88%
Annual dividend$4.34$0.57
Payout ratio64%60%
Years of growth21 yr1 yr
5-yr dividend growth2.0%11.2%
5-yr total return23%73%
Dividend safety score92 (A)58 (C)
Fair value estimate$128.37$20.32
Upside to fair value+7%+4%
Frequencyquarterlyquarterly
Market cap$93.1B$4.0B
P/E ratio18.020.9

Higher yield

DUK

3.60%

Safer dividend

DUK

Grade A

Faster growth

MDU

11.2%

Better value

DUK

+7% upside

DUK vs MDU — FAQ

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