NEE vs PNW: Which Is the Better Dividend Stock?
As of July 2026, PNW (Pinnacle West Capital Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. PNW offers the higher yield at 3.38%, NEE has the higher dividend-safety score, and PNW trades at the larger discount to fair value (+21%).
| Metric | NEE | PNW |
|---|---|---|
| Forward yield | 2.81% | 3.38% |
| Annual dividend | $2.49 | $3.64 |
| Payout ratio | 59% | 67% |
| Years of growth | 30 yr | 14 yr |
| 5-yr dividend growth | 10.1% | 2.5% |
| 5-yr total return | 6% | 40% |
| Dividend safety score | 88 (A) | 88 (A) |
| Fair value estimate | $75.63 | $130.55 |
| Upside to fair value | -15% | +21% |
| Frequency | quarterly | quarterly |
| Market cap | $183.5B | $12.9B |
| P/E ratio | 22.5 | 19.8 |
Higher yield
PNW
3.38%
Safer dividend
NEE
Grade A
Faster growth
NEE
10.1%
Better value
PNW
+21% upside
NEE vs PNW — FAQ
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