CEG vs NGG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, CEG (Constellation Energy Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. NGG offers the higher yield at 3.99%, CEG has the higher dividend-safety score, and NGG looks like the better value (its fair-value estimate is 23% above its share price).
Key facts: CEG vs NGG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, National Grid plc (NGG) has the higher forward dividend yield at 3.99%, versus 0.63% for Constellation Energy Corporation (CEG).
- As of Oct 18, 2026, SmarterDividends grades CEG's dividend safety B (77/100) and NGG's C (51/100).
- By SmarterDividends' count as of Oct 18, 2026, CEG has raised its dividend for 3 consecutive years and NGG for 0.
- As of Oct 18, 2026, CEG pays out 16% of its earnings as dividends and NGG pays out 72%.
- As of Oct 18, 2026, CEG's fair-value estimate is 2% below its share price and NGG's fair-value estimate is 23% above its share price, so NGG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CEG vs NGG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/ceg-vs-ngg
| Metric | CEG | NGG |
|---|---|---|
| Forward yield | 0.63% | 3.99% |
| Annual dividend | $1.71 | $3.24 |
| Payout ratio | 16% | 72% |
| Years of growth | 3 yr | 0 yr |
| 5-yr dividend growth | — | -0.1% |
| 5-yr total return | 465% | 23% |
| Dividend safety score | 77 (B) | 51 (C) |
| Fair value estimate | $267.26 | $100.02 |
| Upside to fair value | -2% | +23% |
| Frequency | quarterly | semiannual |
| Market cap | $96.1B | $81.7B |
| P/E ratio | 26.5 | 18.5 |
Higher yield
NGG
3.99%
Safer dividend
CEG
Grade B
Faster growth
NGG
-0.1%
Better value
NGG
+23% upside
CEG vs NGG — FAQ
Is CEG or NGG a better dividend stock?
On the data, CEG wins more head-to-head categories (4 vs 3). NGG offers the higher yield (3.99%), while CEG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CEG or NGG?
NGG has the higher forward dividend yield at 3.99%, versus 0.63% for CEG.
Is CEG or NGG safer?
CEG has the higher dividend-safety score (77/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is CEG or NGG better value right now?
As of Oct 18, 2026, NGG looks like the better value: its fair-value estimate is 23% above its share price (undervalued). For CEG, its fair-value estimate is 2% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.