NEE vs OGE: 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. OGE offers the higher yield at 3.39%, OGE 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: NEE vs OGE
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, OGE Energy Corp. (OGE) has the higher forward dividend yield at 3.39%, versus 2.82% for NextEra Energy, Inc. (NEE).
- As of Nov 5, 2026, SmarterDividends grades NEE's dividend safety A (90/100) and OGE's A (92/100).
- By SmarterDividends' count as of Nov 5, 2026, NEE has raised its dividend for 30 consecutive years and OGE for 19.
- As of Nov 5, 2026, NEE pays out 44% of its earnings as dividends and OGE pays out 64%.
- As of Nov 5, 2026, NEE's fair-value estimate is 8% above its share price and OGE's fair-value estimate is 0% below its share price, so NEE looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NEE vs OGE: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/nee-vs-oge
| Metric | NEE | OGE |
|---|---|---|
| Forward yield | 2.82% | 3.39% |
| Annual dividend | $2.49 | $1.72 |
| Payout ratio | 44% | 64% |
| Years of growth | 30 yr | 19 yr |
| 5-yr dividend growth | 10.1% | 1.5% |
| 5-yr total return | -4% | 44% |
| Dividend safety score | 90 (A) | 92 (A) |
| Fair value estimate | $94.96 | $50.65 |
| Upside to fair value | +8% | -0% |
| Frequency | quarterly | quarterly |
| Market cap | $184.7B | $10.5B |
| P/E ratio | 15.9 | 19.1 |
Higher yield
OGE
3.39%
Safer dividend
OGE
Grade A
Faster growth
NEE
10.1%
Better value
NEE
+8% upside
NEE vs OGE — FAQ
Is NEE or OGE a better dividend stock?
On the data, NEE wins more head-to-head categories (5 vs 3). OGE offers the higher yield (3.39%), while OGE has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, NEE or OGE?
OGE has the higher forward dividend yield at 3.39%, versus 2.82% for NEE.
Is NEE or OGE safer?
OGE has the higher dividend-safety score (92/100 vs 90/100), reflecting stronger payout coverage and dividend-growth history.
Is NEE or OGE 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 OGE, its fair-value estimate is 0% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.