Clearway Energy, Inc.
CWENUtilities · Stock · quarterly payer
Forward Yield
5.47%
Annual Dividend
$1.83
Payout Ratio
1797%
5-Yr Growth
11.0%
Ex-Date
Jun 1, 2026
Frequency
Quarterly
Summary
As of July 2026, Clearway Energy, Inc. (CWEN) yields 5.47% ($1.83 per share annually), with a blended fair-value estimate of $40.14 — +20% upside, so it screens as undervalued. Dividend safety grade: C (59/100). 6 years of dividend growth.
Is CWEN a good dividend stock?
Yes, with caveatsClearway Energy, Inc. (CWEN) pays a quarterly dividend yielding 5.47% ($1.83/yr), with 6 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 11.0% 5-yr dividend growth
Risks
- Cut its dividend in 2019
- Elevated payout ratio (1797%)
Key Data
- Dividend Yield
- 5.47%
- Payout Ratio
- 1797%
- Annual Dividend
- $1.83
- 5-Yr Avg Growth
- 11.0%
- Ex-Dividend Date
- Jun 1, 2026
- Years of Growth
- 6
- Frequency
- quarterly
- Beta
- 0.89
- Market Cap
- $8.0B
- P/E Ratio
- 333.3
- 5-Yr Total Return
- 6%
- 52-Week Range
- $27.67 – $41.74
- Dividend Safety
- C · 59/100
- Ever Cut?
- Yes (2019)
Frequently Asked Questions
CWEN Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+35%
5 Years
+6%
52-Week Range
$27.67 – $41.74
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CWEN worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Clearway Energy, Inc. is $40.14 per share, versus a market price of $33.41. That implies 20% of upside — a margin of safety of about 17%.
Fair Value
$40.14
Current Price
$33.41
Upside
+20%
Margin of Safety
17%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 19.2% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.8% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.10 EPS, $1.83 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CWEN Dividend Safety Score
Borderline
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 |
|---|---|---|---|
| Jun 1, 2026 | — | $0.4680 | regular |
| Mar 2, 2026 | — | $0.4600 | regular |
| Dec 1, 2025 | — | $0.4530 | regular |
| Sep 2, 2025 | — | $0.4460 | regular |
| Jun 2, 2025 | — | $0.4380 | regular |
| Mar 3, 2025 | — | $0.4310 | regular |
| Dec 2, 2024 | — | $0.4240 | regular |
| Sep 3, 2024 | — | $0.4170 | regular |
| Jun 3, 2024 | — | $0.4100 | regular |
| Feb 29, 2024 | — | $0.4030 | regular |
| Nov 30, 2023 | — | $0.3960 | regular |
| Aug 31, 2023 | — | $0.3890 | regular |
| May 31, 2023 | — | $0.3820 | regular |
| Feb 28, 2023 | — | $0.3750 | regular |
Income Calculator
At $1.83 / yr per share
