NEE vs OGE: Which Is the Better Dividend Stock?
As of July 2026, NEE and OGE are closely matched. OGE offers the higher yield at 3.49%, OGE has the higher dividend-safety score, and OGE trades at the larger discount to fair value (+3%).
| Metric | NEE | OGE |
|---|---|---|
| Forward yield | 2.81% | 3.49% |
| Annual dividend | $2.49 | $1.70 |
| Payout ratio | 59% | 75% |
| Years of growth | 30 yr | 19 yr |
| 5-yr dividend growth | 10.1% | 1.5% |
| 5-yr total return | 6% | 38% |
| Dividend safety score | 88 (A) | 90 (A) |
| Fair value estimate | $75.63 | $50.10 |
| Upside to fair value | -15% | +3% |
| Frequency | quarterly | quarterly |
| Market cap | $183.5B | $10.0B |
| P/E ratio | 22.5 | 21.6 |
Higher yield
OGE
3.49%
Safer dividend
OGE
Grade A
Faster growth
NEE
10.1%
Better value
OGE
+3% upside
NEE vs OGE — FAQ
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