NEE vs NJR: Which Is the Better Dividend Stock?
As of July 2026, NJR (New Jersey Resources Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NJR offers the higher yield at 3.24%, NJR has the higher dividend-safety score, and NJR trades at the larger discount to fair value (+9%).
| Metric | NEE | NJR |
|---|---|---|
| Forward yield | 2.81% | 3.24% |
| Annual dividend | $2.49 | $1.90 |
| Payout ratio | 59% | 56% |
| Years of growth | 30 yr | 30 yr |
| 5-yr dividend growth | 10.1% | 7.4% |
| 5-yr total return | 6% | 57% |
| Dividend safety score | 88 (A) | 92 (A) |
| Fair value estimate | $75.63 | $64.14 |
| Upside to fair value | -15% | +9% |
| Frequency | quarterly | quarterly |
| Market cap | $183.5B | $5.9B |
| P/E ratio | 22.5 | 17.4 |
Higher yield
NJR
3.24%
Safer dividend
NJR
Grade A
Faster growth
NEE
10.1%
Better value
NJR
+9% upside
NEE vs NJR — FAQ
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