MGEE vs NEE: Which Is the Better Dividend Stock?
As of Nov 5, 2026, NEE (NextEra Energy, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NEE offers the higher yield at 2.82%, MGEE has the higher dividend-safety score, and NEE looks like the better value (its fair-value estimate is 8% above its share price).
Key facts: MGEE vs NEE
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, NextEra Energy, Inc. (NEE) has the higher forward dividend yield at 2.82%, versus 2.62% for MGE Energy, Inc. (MGEE).
- As of Nov 5, 2026, SmarterDividends grades MGEE's dividend safety A (93/100) and NEE's A (90/100).
- By SmarterDividends' count as of Nov 5, 2026, MGEE has raised its dividend for 38 consecutive years and NEE for 30.
- As of Nov 5, 2026, MGEE pays out 45% of its earnings as dividends and NEE pays out 44%.
- As of Nov 5, 2026, MGEE's fair-value estimate is 15% below its share price and NEE's fair-value estimate is 8% above its share price, so NEE looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MGEE vs NEE: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/mgee-vs-nee
| Metric | MGEE | NEE |
|---|---|---|
| Forward yield | 2.62% | 2.82% |
| Annual dividend | $2.03 | $2.49 |
| Payout ratio | 45% | 44% |
| Years of growth | 38 yr | 30 yr |
| 5-yr dividend growth | 5.1% | 10.1% |
| 5-yr total return | 2% | -4% |
| Dividend safety score | 93 (A) | 90 (A) |
| Fair value estimate | $66.64 | $94.96 |
| Upside to fair value | -15% | +8% |
| Frequency | quarterly | quarterly |
| Market cap | $3.0B | $184.7B |
| P/E ratio | 18.1 | 15.9 |
Higher yield
NEE
2.82%
Safer dividend
MGEE
Grade A
Faster growth
NEE
10.1%
Better value
NEE
+8% upside
MGEE vs NEE — FAQ
Is MGEE or NEE a better dividend stock?
On the data, NEE wins more head-to-head categories (5 vs 3). NEE offers the higher yield (2.82%), while MGEE has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, MGEE or NEE?
NEE has the higher forward dividend yield at 2.82%, versus 2.62% for MGEE.
Is MGEE or NEE safer?
MGEE has the higher dividend-safety score (93/100 vs 90/100), reflecting stronger payout coverage and dividend-growth history.
Is MGEE or NEE better value right now?
As of Nov 5, 2026, NEE looks like the better value: its fair-value estimate is 8% above 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.