DUK vs XEL: Which Is the Better Dividend Stock?
As of September 2026, DUK and XEL are closely matched. DUK offers the higher yield at 3.69%, DUK has the higher dividend-safety score, and XEL trades at the larger discount to fair value (+21%).
| Metric | DUK | XEL |
|---|---|---|
| Forward yield | 3.69% | 3.28% |
| Annual dividend | $4.34 | $2.37 |
| Payout ratio | 64% | 64% |
| Years of growth | 21 yr | 22 yr |
| 5-yr dividend growth | 2.0% | 5.6% |
| 5-yr total return | 15% | 12% |
| Dividend safety score | 92 (A) | 87 (A) |
| Fair value estimate | $128.37 | $87.46 |
| Upside to fair value | +9% | +21% |
| Frequency | quarterly | quarterly |
| Market cap | $91.6B | $45.2B |
| P/E ratio | 17.7 | 19.8 |
Higher yield
DUK
3.69%
Safer dividend
DUK
Grade A
Faster growth
XEL
5.6%
Better value
XEL
+21% upside
DUK vs XEL — FAQ
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