AES vs NGG: Which Is the Better Dividend Stock?
As of Oct 27, 2026, AES (The AES Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. AES offers the higher yield at 4.68%, AES has the higher dividend-safety score, and NGG looks like the better value (its fair-value estimate is 22% above its share price).
Key facts: AES vs NGG
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, The AES Corporation (AES) has the higher forward dividend yield at 4.68%, versus 3.96% for National Grid plc (NGG).
- As of Oct 27, 2026, SmarterDividends grades AES's dividend safety A (87/100) and NGG's C (51/100).
- By SmarterDividends' count as of Oct 27, 2026, AES has raised its dividend for 12 consecutive years and NGG for 0.
- As of Oct 27, 2026, AES pays out 26% of its earnings as dividends and NGG pays out 72%.
- As of Oct 27, 2026, AES's fair-value estimate is 7% below its share price and NGG's fair-value estimate is 22% above its share price, so NGG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AES vs NGG: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/aes-vs-ngg
| Metric | AES | NGG |
|---|---|---|
| Forward yield | 4.68% | 3.96% |
| Annual dividend | $0.70 | $3.24 |
| Payout ratio | 26% | 72% |
| Years of growth | 12 yr | 0 yr |
| 5-yr dividend growth | 4.2% | -0.1% |
| 5-yr total return | -36% | 24% |
| Dividend safety score | 87 (A) | 51 (C) |
| Fair value estimate | $13.94 | $100.15 |
| Upside to fair value | -7% | +22% |
| Frequency | quarterly | semiannual |
| Market cap | $10.7B | $82.2B |
| P/E ratio | 5.6 | 18.6 |
Higher yield
AES
4.68%
Safer dividend
AES
Grade A
Faster growth
AES
4.2%
Better value
NGG
+22% upside
AES vs NGG — FAQ
Is AES or NGG a better dividend stock?
On the data, AES wins more head-to-head categories (5 vs 3). AES offers the higher yield (4.68%), while AES has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AES or NGG?
AES has the higher forward dividend yield at 4.68%, versus 3.96% for NGG.
Is AES or NGG safer?
AES has the higher dividend-safety score (87/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is AES or NGG better value right now?
As of Oct 27, 2026, NGG looks like the better value: its fair-value estimate is 22% above its share price (undervalued). For AES, its fair-value estimate is 7% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.