AQN vs NGGTF: Which Is the Better Dividend Stock?
As of Oct 18, 2026, NGGTF (National Grid plc) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. AQN offers the higher yield at 4.95%, NGGTF has the higher dividend-safety score, and NGGTF looks like the better value (its fair-value estimate is 20% above its share price).
Key facts: AQN vs NGGTF
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Algonquin Power & Utilities Corp. (AQN) has the higher forward dividend yield at 4.95%, versus 3.96% for National Grid plc (NGGTF).
- As of Oct 18, 2026, SmarterDividends grades AQN's dividend safety D (46/100) and NGGTF's C (50/100).
- As of Oct 18, 2026, AQN pays out 108% of its earnings as dividends and NGGTF pays out 72%.
- As of Oct 18, 2026, AQN's fair-value estimate is 17% above its share price and NGGTF's fair-value estimate is 20% above its share price, so NGGTF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AQN vs NGGTF: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/aqn-vs-nggtf
| Metric | AQN | NGGTF |
|---|---|---|
| Forward yield | 4.95% | 3.96% |
| Annual dividend | $0.26 | $0.65 |
| Payout ratio | 108% | 72% |
| Years of growth | 0 yr | 1 yr |
| 5-yr dividend growth | -15.6% | 5.9% |
| 5-yr total return | -61% | 22% |
| Dividend safety score | 46 (D) | 50 (C) |
| Fair value estimate | $6.12 | $19.77 |
| Upside to fair value | +17% | +20% |
| Frequency | quarterly | semiannual |
| Market cap | $4.0B | $82.6B |
| P/E ratio | 21.9 | 18.7 |
Higher yield
AQN
4.95%
Safer dividend
NGGTF
Grade C
Faster growth
NGGTF
5.9%
Better value
NGGTF
+20% upside
AQN vs NGGTF — FAQ
Is AQN or NGGTF a better dividend stock?
On the data, NGGTF wins more head-to-head categories (7 vs 1). AQN offers the higher yield (4.95%), while NGGTF has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AQN or NGGTF?
AQN has the higher forward dividend yield at 4.95%, versus 3.96% for NGGTF.
Is AQN or NGGTF safer?
NGGTF has the higher dividend-safety score (50/100 vs 46/100), reflecting stronger payout coverage and dividend-growth history.
Is AQN or NGGTF better value right now?
As of Oct 18, 2026, NGGTF looks like the better value: its fair-value estimate is 20% above its share price (undervalued). For AQN, its fair-value estimate is 17% above its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.