DUK vs SWX: Which Is the Better Dividend Stock?
As of Oct 24, 2026, DUK and SWX are closely matched. DUK offers the higher yield at 3.47%, SWX has the higher dividend-safety score, and SWX looks like the better value (its fair-value estimate is 21% above its share price).
Key facts: DUK vs SWX
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, Duke Energy Corporation (DUK) has the higher forward dividend yield at 3.47%, versus 2.83% for Southwest Gas Holdings, Inc. (SWX).
- As of Oct 24, 2026, SmarterDividends grades DUK's dividend safety A (92/100) and SWX's A (93/100).
- By SmarterDividends' count as of Oct 24, 2026, DUK has raised its dividend for 21 consecutive years and SWX for 0.
- As of Oct 24, 2026, DUK pays out 64% of its earnings as dividends and SWX pays out 63%.
- As of Oct 24, 2026, DUK's fair-value estimate is 2% below its share price and SWX's fair-value estimate is 21% above its share price, so SWX looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "DUK vs SWX: Dividend Yield, Safety & Value Compared," updated Oct 24, 2026, https://smarterdividends.com/compare/duk-vs-swx
| Metric | DUK | SWX |
|---|---|---|
| Forward yield | 3.47% | 2.83% |
| Annual dividend | $4.34 | $2.58 |
| Payout ratio | 64% | 63% |
| Years of growth | 21 yr | 0 yr |
| 5-yr dividend growth | 2.0% | 1.9% |
| 5-yr total return | 29% | 39% |
| Dividend safety score | 92 (A) | 93 (A) |
| Fair value estimate | $122.08 | $110.00 |
| Upside to fair value | -2% | +21% |
| Frequency | quarterly | quarterly |
| Market cap | $97.4B | $6.6B |
| P/E ratio | 18.1 | 22.8 |
Higher yield
DUK
3.47%
Safer dividend
SWX
Grade A
Faster growth
DUK
2.0%
Better value
SWX
+21% upside
DUK vs SWX — FAQ
Is DUK or SWX a better dividend stock?
DUK and SWX are closely matched. DUK has the higher yield; SWX scores better on safety.
Which has a higher dividend yield, DUK or SWX?
DUK has the higher forward dividend yield at 3.47%, versus 2.83% for SWX.
Is DUK or SWX safer?
SWX has the higher dividend-safety score (93/100 vs 92/100), reflecting stronger payout coverage and dividend-growth history.
Is DUK or SWX better value right now?
As of Oct 24, 2026, SWX looks like the better value: its fair-value estimate is 21% above its share price (undervalued). For DUK, its fair-value estimate is 2% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.