DUK vs SPH: Which Is the Better Dividend Stock?
As of Oct 27, 2026, DUK (Duke Energy Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. SPH offers the higher yield at 7.79%, DUK has the higher dividend-safety score, and SPH looks like the better value (its fair-value estimate is 36% above its share price).
Key facts: DUK vs SPH
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Suburban Propane Partners, L.P. (SPH) has the higher forward dividend yield at 7.79%, versus 3.49% for Duke Energy Corporation (DUK).
- As of Oct 27, 2026, SmarterDividends grades DUK's dividend safety A (92/100) and SPH's C (60/100).
- By SmarterDividends' count as of Oct 27, 2026, DUK has raised its dividend for 21 consecutive years and SPH for 0.
- As of Oct 27, 2026, DUK pays out 64% of its earnings as dividends and SPH pays out 67%.
- As of Oct 27, 2026, DUK's fair-value estimate is 4% below its share price and SPH's fair-value estimate is 36% above its share price, so SPH looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "DUK vs SPH: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/duk-vs-sph
| Metric | DUK | SPH |
|---|---|---|
| Forward yield | 3.49% | 7.79% |
| Annual dividend | $4.34 | $1.40 |
| Payout ratio | 64% | 67% |
| Years of growth | 21 yr | 0 yr |
| 5-yr dividend growth | 2.0% | -6.3% |
| 5-yr total return | 29% | 23% |
| Dividend safety score | 92 (A) | 60 (C) |
| Fair value estimate | $119.77 | $24.45 |
| Upside to fair value | -4% | +36% |
| Frequency | quarterly | quarterly |
| Market cap | $97.0B | $1.2B |
| P/E ratio | 18.7 | 9.3 |
Higher yield
SPH
7.79%
Safer dividend
DUK
Grade A
Faster growth
DUK
2.0%
Better value
SPH
+36% upside
DUK vs SPH — FAQ
Is DUK or SPH a better dividend stock?
On the data, DUK wins more head-to-head categories (6 vs 2). SPH offers the higher yield (7.79%), while DUK 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 SPH?
SPH has the higher forward dividend yield at 7.79%, versus 3.49% for DUK.
Is DUK or SPH safer?
DUK has the higher dividend-safety score (92/100 vs 60/100), reflecting stronger payout coverage and dividend-growth history.
Is DUK or SPH better value right now?
As of Oct 27, 2026, SPH looks like the better value: its fair-value estimate is 36% above its share price (undervalued). 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.