NEE vs PNW: Which Is the Better Dividend Stock?
As of September 2026, NEE and PNW are closely matched. PNW offers the higher yield at 3.86%, NEE has the higher dividend-safety score, and PNW trades at the larger discount to fair value (+36%).
| Metric | NEE | PNW |
|---|---|---|
| Forward yield | 3.10% | 3.86% |
| Annual dividend | $2.49 | $3.64 |
| Payout ratio | 53% | 70% |
| Years of growth | 30 yr | 14 yr |
| 5-yr dividend growth | 10.1% | 2.5% |
| 5-yr total return | -6% | 46% |
| Dividend safety score | 90 (A) | 88 (A) |
| Fair value estimate | $83.06 | $127.90 |
| Upside to fair value | +3% | +36% |
| Frequency | quarterly | quarterly |
| Market cap | $167.8B | $11.4B |
| P/E ratio | 18.1 | 18.1 |
Higher yield
PNW
3.86%
Safer dividend
NEE
Grade A
Faster growth
NEE
10.1%
Better value
PNW
+36% upside
NEE vs PNW — FAQ
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