Constellation Energy Corporation
CEGUtilities · Stock · quarterly payer
Forward Yield
0.63%
Annual Dividend
$1.71
Payout Ratio
16%
5-Yr Growth
—
Ex-Date
Aug 18, 2026
Frequency
Quarterly
Summary
As of August 2026, Constellation Energy Corporation (CEG) yields 0.63% ($1.71 per share annually), with a blended fair-value estimate of $361.03 — +34% upside, so it screens as undervalued. Dividend safety grade: B (75/100). 3 years of dividend growth.
Is CEG a good dividend stock?
YesConstellation Energy Corporation (CEG) pays a quarterly dividend yielding 0.63% ($1.71/yr), with 3 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (16%)
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.63%
- Payout Ratio
- 16%
- Annual Dividend
- $1.71
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 18, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 1.12
- Market Cap
- $95.6B
- P/E Ratio
- 26.4
- 5-Yr Total Return
- —
- 52-Week Range
- $228.63 – $412.70
- Dividend Safety
- B · 75/100
- Ever Cut?
- No
Frequently Asked Questions
CEG Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
+159%
5 Years
—
52-Week Range
$228.63 – $412.70
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CEG worth?
Undervaluedlow confidenceOur blended fair-value estimate for Constellation Energy Corporation is $361.03 per share, versus a market price of $269.89. That implies 34% of upside — a margin of safety of about 25%.
Fair Value
$361.03
Current Price
$269.89
Upside
+34%
Margin of Safety
25%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 20.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.9% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $10.23 EPS, $1.71 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CEG Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 15, 2026 | — | $0.4270 | regular |
| Mar 9, 2026 | — | $0.4270 | regular |
| Nov 17, 2025 | — | $0.3880 | regular |
| Aug 18, 2025 | — | $0.3880 | regular |
| May 16, 2025 | — | $0.3880 | regular |
| Mar 7, 2025 | — | $0.3880 | regular |
| Nov 15, 2024 | — | $0.3530 | regular |
| Aug 12, 2024 | — | $0.3530 | regular |
| May 29, 2024 | — | $0.3530 | regular |
| Mar 7, 2024 | — | $0.3530 | regular |
| Nov 16, 2023 | — | $0.2820 | regular |
| Aug 11, 2023 | — | $0.2820 | regular |
| May 11, 2023 | — | $0.2820 | regular |
| Feb 24, 2023 | — | $0.2820 | regular |
Income Calculator
At $1.71 / yr per share
