NRG Energy, Inc.
NRGUtilities · Stock · quarterly payer
Forward Yield
1.83%
Annual Dividend
$1.90
Payout Ratio
48%
5-Yr Growth
8.0%
Ex-Date
Aug 3, 2026
Frequency
Quarterly
Summary
As of September 2026, NRG Energy, Inc. (NRG) yields 1.83% ($1.90 per share annually), with a blended fair-value estimate of $82.10 — -21% downside, so it screens as overvalued. Dividend safety grade: B (70/100). 6 years of dividend growth.
Is NRG a good dividend stock?
Yes, with caveatsNRG Energy, Inc. (NRG) pays a quarterly dividend yielding 1.83% ($1.90/yr), with 6 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (48%)
- Strong 8.0% 5-yr dividend growth
- 160% total price return over 5 years
Risks
- Cut its dividend in 2016
Key Data
- Dividend Yield
- 1.83%
- Payout Ratio
- 48%
- Annual Dividend
- $1.90
- 5-Yr Avg Growth
- 8.0%
- Ex-Dividend Date
- Aug 3, 2026
- Years of Growth
- 6
- Frequency
- quarterly
- Beta
- 1.17
- Market Cap
- $21.8B
- P/E Ratio
- 27.0
- 5-Yr Total Return
- 160%
- 52-Week Range
- $103.49 – $189.96
- Dividend Safety
- B · 70/100
- Ever Cut?
- Yes (2016)
Frequently Asked Questions
NRG Price — Last 12 Months
Daily close
Price Return
1 Year
-40%
3 Years
+145%
5 Years
+160%
52-Week Range
$103.49 – $189.96
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NRG worth?
Overvaluedlow confidenceOur blended fair-value estimate for NRG Energy, Inc. is $82.10 per share, versus a market price of $103.66. That implies 21% of downside.
Fair Value
$82.10
Current Price
$103.66
Downside
-21%
Margin of Safety
-26%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
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 15.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.2% discount rate (CAPM), 15.4% stage-1 growth, 2.5% terminal growth, $3.84 EPS, $1.90 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NRG 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 |
|---|---|---|---|
| Aug 3, 2026 | — | $0.4750 | regular |
| May 1, 2026 | — | $0.4750 | regular |
| Feb 2, 2026 | — | $0.4750 | regular |
| Nov 3, 2025 | — | $0.4400 | regular |
| Aug 1, 2025 | — | $0.4400 | regular |
| May 1, 2025 | — | $0.4400 | regular |
| Feb 3, 2025 | — | $0.4400 | regular |
| Nov 1, 2024 | — | $0.4080 | regular |
| Aug 1, 2024 | — | $0.4080 | regular |
| Apr 30, 2024 | — | $0.4080 | regular |
| Jan 31, 2024 | — | $0.4080 | regular |
| Oct 31, 2023 | — | $0.3780 | regular |
| Jul 31, 2023 | — | $0.3780 | regular |
| Apr 28, 2023 | — | $0.3780 | regular |
Income Calculator
At $1.90 / yr per share
Similar Dividend Stocks
Compare NRG
Explore more
Lists and tools related to NRG