ATO vs NGG: Which Is the Better Dividend Stock?
As of September 2026, ATO (Atmos Energy Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. NGG offers the higher yield at 4.22%, ATO has the higher dividend-safety score, and NGG trades at the larger discount to fair value (+39%).
| Metric | ATO | NGG |
|---|---|---|
| Forward yield | 2.50% | 4.22% |
| Annual dividend | $4.00 | $3.24 |
| Payout ratio | 46% | 71% |
| Years of growth | 36 yr | 0 yr |
| 5-yr dividend growth | 9.0% | -0.1% |
| 5-yr total return | 74% | 20% |
| Dividend safety score | 95 (A) | 51 (C) |
| Fair value estimate | $103.36 | $107.09 |
| Upside to fair value | -36% | +39% |
| Frequency | quarterly | semiannual |
| Market cap | $27.1B | $77.2B |
| P/E ratio | 19.1 | 17.5 |
Higher yield
NGG
4.22%
Safer dividend
ATO
Grade A
Faster growth
ATO
9.0%
Better value
NGG
+39% upside
ATO vs NGG — FAQ
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