DUK vs NJR: Which Is the Better Dividend Stock?
As of Oct 23, 2026, NJR (New Jersey Resources Corporation) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. NJR offers the higher yield at 3.73%, NJR has the higher dividend-safety score, and NJR looks like the better value (its fair-value estimate is 15% above its share price).
Key facts: DUK vs NJR
Data as of · Source: SmarterDividends data
- As of Oct 23, 2026, New Jersey Resources Corporation (NJR) has the higher forward dividend yield at 3.73%, versus 3.46% for Duke Energy Corporation (DUK).
- As of Oct 23, 2026, SmarterDividends grades DUK's dividend safety A (92/100) and NJR's A (93/100).
- By SmarterDividends' count as of Oct 23, 2026, DUK has raised its dividend for 21 consecutive years and NJR for 30.
- As of Oct 23, 2026, DUK pays out 64% of its earnings as dividends and NJR pays out 53%.
- As of Oct 23, 2026, DUK's fair-value estimate is 4% below its share price and NJR's fair-value estimate is 15% above its share price, so NJR looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "DUK vs NJR: Dividend Yield, Safety & Value Compared," updated Oct 23, 2026, https://smarterdividends.com/compare/duk-vs-njr
| Metric | DUK | NJR |
|---|---|---|
| Forward yield | 3.46% | 3.73% |
| Annual dividend | $4.34 | $2.00 |
| Payout ratio | 64% | 53% |
| Years of growth | 21 yr | 30 yr |
| 5-yr dividend growth | 2.0% | 7.4% |
| 5-yr total return | 29% | 45% |
| Dividend safety score | 92 (A) | 93 (A) |
| Fair value estimate | $119.84 | $61.47 |
| Upside to fair value | -4% | +15% |
| Frequency | quarterly | quarterly |
| Market cap | $97.8B | $5.4B |
| P/E ratio | 18.2 | 14.9 |
Higher yield
NJR
3.73%
Safer dividend
NJR
Grade A
Faster growth
NJR
7.4%
Better value
NJR
+15% upside
DUK vs NJR — FAQ
Is DUK or NJR a better dividend stock?
On the data, NJR wins more head-to-head categories (7 vs 1). NJR offers the higher yield (3.73%), while NJR has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, DUK or NJR?
NJR has the higher forward dividend yield at 3.73%, versus 3.46% for DUK.
Is DUK or NJR safer?
NJR has the higher dividend-safety score (93/100 vs 92/100), reflecting stronger payout coverage and dividend-growth history.
Is DUK or NJR better value right now?
As of Oct 23, 2026, NJR looks like the better value: its fair-value estimate is 15% above its share price (fairly valued). For DUK, its fair-value estimate is 4% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.