CMS-PC vs NGG: Which Is the Better Dividend Stock?
As of Oct 27, 2026, CMS-PC (CMS Energy Corporation) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. CMS-PC offers the higher yield at 6.56%, CMS-PC has the higher dividend-safety score, and CMS-PC looks like the better value (its fair-value estimate is 67% above its share price).
Key facts: CMS-PC vs NGG
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, CMS Energy Corporation (CMS-PC) has the higher forward dividend yield at 6.56%, versus 3.96% for National Grid plc (NGG).
- As of Oct 27, 2026, SmarterDividends grades CMS-PC's dividend safety B (66/100) and NGG's C (51/100).
- As of Oct 27, 2026, CMS-PC's fair-value estimate is 67% above its share price and NGG's fair-value estimate is 22% above its share price, so CMS-PC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CMS-PC vs NGG: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/cms-pc-vs-ngg
| Metric | CMS-PC | NGG |
|---|---|---|
| Forward yield | 6.56% | 3.96% |
| Annual dividend | $1.05 | $3.24 |
| Payout ratio | — | 72% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | — | -0.1% |
| 5-yr total return | -35% | 24% |
| Dividend safety score | 66 (B) | 51 (C) |
| Fair value estimate | $26.80 | $100.15 |
| Upside to fair value | +67% | +22% |
| Frequency | quarterly | semiannual |
| Market cap | — | $82.2B |
| P/E ratio | 3.4 | 18.6 |
Higher yield
CMS-PC
6.56%
Safer dividend
CMS-PC
Grade B
Faster growth
NGG
-0.1%
Better value
CMS-PC
+67% upside
CMS-PC vs NGG — FAQ
Is CMS-PC or NGG a better dividend stock?
On the data, CMS-PC wins more head-to-head categories (3 vs 2). CMS-PC offers the higher yield (6.56%), while CMS-PC has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CMS-PC or NGG?
CMS-PC has the higher forward dividend yield at 6.56%, versus 3.96% for NGG.
Is CMS-PC or NGG safer?
CMS-PC has the higher dividend-safety score (66/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is CMS-PC or NGG better value right now?
As of Oct 27, 2026, CMS-PC looks like the better value: its fair-value estimate is 67% above its share price (undervalued). For NGG, its fair-value estimate is 22% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.