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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Constellation Energy Corporation (NASDAQ:CEG) is included among the 12 Must-Buy Dividend Stocks to Invest in.
Constellation Energy Corporation (NASDAQ:CEG) is an American energy company. It is the nation’s largest producer of carbon-free electricity and leading supplier of nuclear power, and plays a central role in meeting the growing energy demands of the tech sector. Unlike most utilities, the company operates in an unregulated market, allowing it to sell electricity at market prices rather than fixed government-approved rates. This setup enables Constellation to benefit directly when demand surges— and demand is currently soaring.
Most of Constellation Energy Corporation (NASDAQ:CEG)’s clean energy output comes from its nuclear plants, which have a combined capacity of around 22.2 gigawatts, making it the top nuclear energy provider in the US. This strong position gives the company an edge as the AI boom drives greater need for consistent, around-the-clock power. The company’s recent $26.6 billion acquisition of Calpine could add roughly 25 gigawatts of gas generation capacity, with management projecting an additional $2 billion in annual free cash flow from the deal.
Due to this cash projection, Constellation Energy Corporation (NASDAQ:CEG) holds a strong dividend policy. The company initiated its dividends in 2022 and has raised its payouts every year since then. Currently, it offers a quarterly dividend of $0.3878 per share and has a dividend yield of 0.40%, as of October 9.
While we acknowledge the potential of CEG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 11 Low PE High Dividend Stocks to Buy According to Analysts and 11 Defensive Healthcare Dividend Stocks To Buy Now.
Disclosure: None.
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