CMS vs NGG: Which Is the Better Dividend Stock?
As of September 2026, CMS and NGG are closely matched. NGG offers the higher yield at 4.22%, CMS has the higher dividend-safety score, and NGG trades at the larger discount to fair value (+39%).
| Metric | CMS | NGG |
|---|---|---|
| Forward yield | 3.49% | 4.22% |
| Annual dividend | $2.28 | $3.24 |
| Payout ratio | 67% | 71% |
| Years of growth | 18 yr | 0 yr |
| 5-yr dividend growth | 5.9% | -0.1% |
| 5-yr total return | 8% | 20% |
| Dividend safety score | 82 (A) | 51 (C) |
| Fair value estimate | $69.53 | $107.09 |
| Upside to fair value | +6% | +39% |
| Frequency | quarterly | semiannual |
| Market cap | $20.2B | $77.2B |
| P/E ratio | 19.6 | 17.5 |
Higher yield
NGG
4.22%
Safer dividend
CMS
Grade A
Faster growth
CMS
5.9%
Better value
NGG
+39% upside
CMS vs NGG — FAQ
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