NEE vs PNW: Which Is the Better Dividend Stock?
As of Nov 5, 2026, NEE and PNW are closely matched. PNW offers the higher yield at 3.50%, NEE has the higher dividend-safety score, and PNW looks like the better value (its fair-value estimate is 15% above its share price).
Key facts: NEE vs PNW
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Pinnacle West Capital Corporation (PNW) has the higher forward dividend yield at 3.50%, versus 2.82% for NextEra Energy, Inc. (NEE).
- As of Nov 5, 2026, SmarterDividends grades NEE's dividend safety A (90/100) and PNW's A (88/100).
- By SmarterDividends' count as of Nov 5, 2026, NEE has raised its dividend for 30 consecutive years and PNW for 14.
- As of Nov 5, 2026, NEE pays out 44% of its earnings as dividends and PNW pays out 68%.
- As of Nov 5, 2026, NEE's fair-value estimate is 8% above its share price and PNW's fair-value estimate is 15% above its share price, so PNW looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NEE vs PNW: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/nee-vs-pnw
| Metric | NEE | PNW |
|---|---|---|
| Forward yield | 2.82% | 3.50% |
| Annual dividend | $2.49 | $3.70 |
| Payout ratio | 44% | 68% |
| Years of growth | 30 yr | 14 yr |
| 5-yr dividend growth | 10.1% | 2.5% |
| 5-yr total return | -4% | 63% |
| Dividend safety score | 90 (A) | 88 (A) |
| Fair value estimate | $94.96 | $119.78 |
| Upside to fair value | +8% | +15% |
| Frequency | quarterly | quarterly |
| Market cap | $184.7B | $12.6B |
| P/E ratio | 15.9 | 19.6 |
Higher yield
PNW
3.50%
Safer dividend
NEE
Grade A
Faster growth
NEE
10.1%
Better value
PNW
+15% upside
NEE vs PNW — FAQ
Is NEE or PNW a better dividend stock?
NEE and PNW are closely matched. PNW has the higher yield; NEE scores better on safety.
Which has a higher dividend yield, NEE or PNW?
PNW has the higher forward dividend yield at 3.50%, versus 2.82% for NEE.
Is NEE or PNW safer?
NEE has the higher dividend-safety score (90/100 vs 88/100), reflecting stronger payout coverage and dividend-growth history.
Is NEE or PNW better value right now?
As of Nov 5, 2026, PNW looks like the better value: its fair-value estimate is 15% above its share price (undervalued). For NEE, its fair-value estimate is 8% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.