D vs EXC: Dividend Comparison
Dividend data as of
Dominion Energy, Inc (D) and Exelon Corp (EXC) are both in the Utilities sector, making them natural rivals for dividend investors. D edges ahead on yield at 4.19% versus EXC's 3.54%. For dividend growth, EXC leads with a 5-year CAGR of 10.0% versus D's 1.5%. EXC holds the edge in dividend safety with a "Safe" rating.
Verdict
Yield Analysis
D yields 0.65% more than EXC. In dollar terms, D pays $2.67/share vs EXC's $1.58/share annually.
Dividend Growth
D: Dividend growth is slowing — the 3-year CAGR of 0.0% trails the 5-year rate of 1.5% and the 10-year rate of -0.5%.
EXC: Dividend growth is slowing — the 3-year CAGR of 5.4% trails the 5-year rate of 10.0% and the 10-year rate of 10.0%.
Dividend Safety
D: The payout ratio of 87% is elevated, which may indicate the dividend could be cut if earnings decline. Earnings cover the dividend 1.1x.
EXC: The payout ratio of 57% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 1.8x.
Estimated Annual Dividend Income
Based on current dividend yields. Actual income may vary.
What does $10,000 buy in D vs EXC today?
At $66.31 per share, $10,000 buys about 150.8 shares of Dominion Energy, Inc (D). Each share pays $2.67 per year in dividends, so the position starts out generating roughly $403 per year — about $34 a month.
At $48.38 per share, $10,000 buys about 206.7 shares of Exelon Corp (EXC). Each share pays $1.58 per year in dividends, so the position starts out generating roughly $327 per year — about $27 a month.
D is the larger income stream from day one: $76 per year more on the same $10,000 invested.
What could $10,000 of D or EXC income look like in 10 years?
Dominion Energy, Inc (D) has raised its dividend about 1.5% a year over the past five years. If that pace held, the $419 per year that $10,000 generates today at the current 4.19% yield would reach $484 per year by 2036 — a 4.8% yield on the original cost.
Exelon Corp (EXC) has raised its dividend about 10.0% a year over the past five years. If that pace held, the $354 per year that $10,000 generates today at the current 3.54% yield would reach $918 per year by 2036 — a 9.2% yield on the original cost.
On those trailing rates, EXC pays more in 2036: $918 versus $484 per year. The projection assumes each five-year growth rate persists and no dividends are reinvested — real payouts will differ.
When would EXC's dividend growth overtake D's higher yield?
Exelon Corp (EXC) yields less today (3.54% vs 4.19%) but has grown its dividend faster — 10.0% vs 1.5% a year over the past five years. If both trends continued, a $10,000 position in EXC would start out-earning the same position in D around 2029 (roughly 3 years from now), paying about $471 per year at the crossover. Before that point, D pays more each year; after it, the gap compounds in EXC's favor.
Can D and EXC afford their dividends?
Dominion Energy, Inc (D) earns $3.06 per share against $2.67 paid out in dividends — 1.1x coverage (a 87% payout ratio).
Exelon Corp (EXC) earns $2.79 per share against $1.58 paid out in dividends — 1.8x coverage (a 57% payout ratio).
EXC's wider coverage leaves more cushion if earnings dip. As a rule of thumb, coverage below about 1.5x (a payout ratio above ~65%) is where a dividend starts to look stretched — worth watching for D if earnings weaken.
Which fits an early-retirement income portfolio better, D or EXC?
For income you need right now, Dominion Energy, Inc (D) leads: $100,000 invested today pays about $349 a month at the current 4.19% yield, versus $295 a month from Exelon Corp (EXC) at 3.54%.
With a decade or more before the income is needed, EXC's faster dividend growth (10.0% vs 1.5% a year) matters more than the starting yield — raises compound into the larger paycheck over time.
On consistency: EXC has raised its dividend 4 consecutive years.
Many income investors simply hold both — the mix pairs current yield with growth and spreads single-name risk. Whichever way you lean, dividends are never guaranteed; recheck the payout each quarter rather than setting and forgetting.
$10,000 with DRIP: projected annual income
If each holding keeps raising its dividend at its real 5-year rate and every payment is reinvested, a $10,000 position pays $730/yr in D vs $1,300/yr in EXC by year 10.
Assumes dividends are reinvested at the current yield and grow at each holding's trailing 5-year dividend CAGR. A projection, not a prediction — no price appreciation modeled.
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