NEE vs SR: Which Is the Better Dividend Stock?
As of July 2026, SR (Spire Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SR offers the higher yield at 4.05%, SR has the higher dividend-safety score, and SR trades at the larger discount to fair value (+56%).
| Metric | NEE | SR |
|---|---|---|
| Forward yield | 2.81% | 4.05% |
| Annual dividend | $2.49 | $3.30 |
| Payout ratio | 59% | 65% |
| Years of growth | 30 yr | 22 yr |
| 5-yr dividend growth | 10.1% | 4.8% |
| 5-yr total return | 6% | 22% |
| Dividend safety score | 88 (A) | 90 (A) |
| Fair value estimate | $75.63 | $126.61 |
| Upside to fair value | -15% | +56% |
| Frequency | quarterly | quarterly |
| Market cap | $183.5B | $4.8B |
| P/E ratio | 22.5 | 16.4 |
Higher yield
SR
4.05%
Safer dividend
SR
Grade A
Faster growth
NEE
10.1%
Better value
SR
+56% upside
NEE vs SR — FAQ
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