Constellation Energy Raises Quarterly Dividend 10% to $0.4265 per Share
Constellation Energy Corporation (Nasdaq: CEG), the nation's largest operator of nuclear power plants, declared a quarterly dividend of $0.4265 per share, marking a 10% increase from the prior dividend of $0.3878 per share. The company also announced expectations to grow its dividend per share by another 10% in 2026.
Constellation Energy Corporation (Nasdaq: CEG), the nation's largest operator of nuclear power plants, declared a quarterly dividend of $0.4265 per share on February 24, 2026. The dividend represents a 10% increase from the previous quarterly payout of $0.3878 per share. Read more dividend announcements.
The dividend is payable on March 20, 2026, to shareholders of record as of 5 p.m. Eastern time on March 9, 2026. The board also signaled its intention to raise the dividend per share by another 10% in 2026.
| Dividend Details | Information |
|---|---|
| Amount | $0.4265 per share |
| Previous Amount | $0.3878 per share |
| Increase | 10% |
| Record Date | March 9, 2026 (5 p.m. ET) |
| Payment Date | March 20, 2026 |
| Frequency | Quarterly |
Recent Operational Developments
The Baltimore-based company reported GAAP net income of $1.38 per share and adjusted operating earnings of $2.30 per share for the fourth quarter of 2025. For the full year 2025, GAAP net income reached $7.40 per share, while adjusted operating earnings totaled $9.39 per share.
Constellation completed its acquisition of Calpine Corporation during 2025, combining nuclear, natural gas, and geothermal generation assets. The company also secured Nuclear Regulatory Commission approval for extended operating licenses at its Clinton and Dresden nuclear stations, extending operations through 2047 and 2049-2051 respectively.
The company received a $1 billion loan guarantee from the Department of Energy in November 2025 to support the restart of the Crane Clean Energy Center. The facility is backed by a 20-year power purchase agreement with Microsoft.
Constellation's nuclear fleet produced 45,459 gigawatt-hours in the fourth quarter of 2025, essentially flat compared to 45,494 gigawatt-hours in the same period of 2024. The company's nuclear plants achieved a capacity factor of 93.1% in the fourth quarter and 94.7% for the full year 2025.
Fortune named Constellation to its World's Most Admired Companies list for the second consecutive year, ranking the company fifth in the electric and gas utilities category. The company is scheduled to discuss 2026 guidance during a business and earnings outlook call on March 31, 2026, at 8 a.m. Eastern time.