DUK vs MGEE: Which Is the Better Dividend Stock?
As of Nov 5, 2026, DUK and MGEE are closely matched. DUK offers the higher yield at 3.35%, MGEE has the higher dividend-safety score, and DUK looks like the better value (its fair-value estimate is 9% below its share price).
Key facts: DUK vs MGEE
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Duke Energy Corporation (DUK) has the higher forward dividend yield at 3.35%, versus 2.62% for MGE Energy, Inc. (MGEE).
- As of Nov 5, 2026, SmarterDividends grades DUK's dividend safety A (92/100) and MGEE's A (93/100).
- By SmarterDividends' count as of Nov 5, 2026, DUK has raised its dividend for 21 consecutive years and MGEE for 38.
- As of Nov 5, 2026, DUK pays out 64% of its earnings as dividends and MGEE pays out 45%.
- As of Nov 5, 2026, DUK's fair-value estimate is 9% below its share price and MGEE's fair-value estimate is 15% below its share price, so DUK looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "DUK vs MGEE: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/duk-vs-mgee
| Metric | DUK | MGEE |
|---|---|---|
| Forward yield | 3.35% | 2.62% |
| Annual dividend | $4.34 | $2.03 |
| Payout ratio | 64% | 45% |
| Years of growth | 21 yr | 38 yr |
| 5-yr dividend growth | 2.0% | 5.1% |
| 5-yr total return | 31% | 2% |
| Dividend safety score | 92 (A) | 93 (A) |
| Fair value estimate | $119.07 | $66.64 |
| Upside to fair value | -9% | -15% |
| Frequency | quarterly | quarterly |
| Market cap | $102.2B | $3.0B |
| P/E ratio | 19.7 | 18.1 |
Higher yield
DUK
3.35%
Safer dividend
MGEE
Grade A
Faster growth
MGEE
5.1%
Better value
DUK
-9% upside
DUK vs MGEE — FAQ
Is DUK or MGEE a better dividend stock?
DUK and MGEE are closely matched. DUK has the higher yield; MGEE scores better on safety.
Which has a higher dividend yield, DUK or MGEE?
DUK has the higher forward dividend yield at 3.35%, versus 2.62% for MGEE.
Is DUK or MGEE safer?
MGEE has the higher dividend-safety score (93/100 vs 92/100), reflecting stronger payout coverage and dividend-growth history.
Is DUK or MGEE better value right now?
As of Nov 5, 2026, DUK looks like the better value: its fair-value estimate is 9% below its share price (fairly valued). For MGEE, its fair-value estimate is 15% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.