AQN vs NGG: Which Is the Better Dividend Stock?
As of August 2026, NGG (National Grid Transco, PLC Nati) screens as the stronger dividend stock, winning 6 of 7 head-to-head metrics. AQN offers the higher yield at 4.56%, NGG has the higher dividend-safety score, and NGG trades at the larger discount to fair value (+23%).
| Metric | AQN | NGG |
|---|---|---|
| Forward yield | 4.56% | 4.06% |
| Annual dividend | $0.26 | $3.24 |
| Payout ratio | 108% | 71% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -15.6% | -0.1% |
| 5-yr total return | -61% | 34% |
| Dividend safety score | 46 (D) | 51 (C) |
| Fair value estimate | $6.06 | $97.94 |
| Upside to fair value | +6% | +23% |
| Frequency | quarterly | semiannual |
| Market cap | $4.4B | $80.2B |
| P/E ratio | 23.8 | 17.9 |
Higher yield
AQN
4.56%
Safer dividend
NGG
Grade C
Faster growth
NGG
-0.1%
Better value
NGG
+23% upside
AQN vs NGG — FAQ
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