MGEE vs NEE: Which Is the Better Dividend Stock?
As of September 2026, MGEE and NEE are closely matched. NEE offers the higher yield at 3.10%, MGEE has the higher dividend-safety score, and NEE trades at the larger discount to fair value (+3%).
| Metric | MGEE | NEE |
|---|---|---|
| Forward yield | 2.74% | 3.10% |
| Annual dividend | $2.03 | $2.49 |
| Payout ratio | 47% | 53% |
| Years of growth | 38 yr | 30 yr |
| 5-yr dividend growth | 5.1% | 10.1% |
| 5-yr total return | -2% | -6% |
| Dividend safety score | 93 (A) | 90 (A) |
| Fair value estimate | $61.82 | $83.06 |
| Upside to fair value | -17% | +3% |
| Frequency | quarterly | quarterly |
| Market cap | $2.8B | $167.8B |
| P/E ratio | 18.2 | 18.1 |
Higher yield
NEE
3.10%
Safer dividend
MGEE
Grade A
Faster growth
NEE
10.1%
Better value
NEE
+3% upside
MGEE vs NEE — FAQ
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