NEE vs SR: Which Is the Better Dividend Stock?
As of Oct 18, 2026, NEE and SR are closely matched. SR offers the higher yield at 4.02%, NEE has the higher dividend-safety score, and SR looks like the better value (its fair-value estimate is 13% above its share price).
Key facts: NEE vs SR
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Spire Inc. (SR) has the higher forward dividend yield at 4.02%, versus 3.12% for NextEra Energy, Inc. (NEE).
- As of Oct 18, 2026, SmarterDividends grades NEE's dividend safety A (90/100) and SR's A (88/100).
- By SmarterDividends' count as of Oct 18, 2026, NEE has raised its dividend for 30 consecutive years and SR for 22.
- As of Oct 18, 2026, NEE pays out 53% of its earnings as dividends and SR pays out 72%.
- As of Oct 18, 2026, NEE's fair-value estimate is 5% above its share price and SR's fair-value estimate is 13% above its share price, so SR looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NEE vs SR: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/nee-vs-sr
| Metric | NEE | SR |
|---|---|---|
| Forward yield | 3.12% | 4.02% |
| Annual dividend | $2.49 | $3.30 |
| Payout ratio | 53% | 72% |
| Years of growth | 30 yr | 22 yr |
| 5-yr dividend growth | 10.1% | 4.8% |
| 5-yr total return | -8% | 37% |
| Dividend safety score | 90 (A) | 88 (A) |
| Fair value estimate | $83.50 | $92.62 |
| Upside to fair value | +5% | +13% |
| Frequency | quarterly | quarterly |
| Market cap | $166.4B | $4.8B |
| P/E ratio | 17.9 | 23.8 |
Higher yield
SR
4.02%
Safer dividend
NEE
Grade A
Faster growth
NEE
10.1%
Better value
SR
+13% upside
NEE vs SR — FAQ
Is NEE or SR a better dividend stock?
NEE and SR are closely matched. SR has the higher yield; NEE scores better on safety.
Which has a higher dividend yield, NEE or SR?
SR has the higher forward dividend yield at 4.02%, versus 3.12% for NEE.
Is NEE or SR safer?
NEE has the higher dividend-safety score (90/100 vs 88/100), reflecting stronger payout coverage and dividend-growth history.
Is NEE or SR better value right now?
As of Oct 18, 2026, SR looks like the better value: its fair-value estimate is 13% above its share price (fairly valued). For NEE, its fair-value estimate is 5% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.