CNLPL vs NGG: Which Is the Better Dividend Stock?
As of Oct 27, 2026, CNLPL (The Connecticut Light and Power Company) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. CNLPL offers the higher yield at 6.41%, CNLPL has the higher dividend-safety score, and NGG looks like the better value (its fair-value estimate is 22% above its share price).
Key facts: CNLPL vs NGG
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, The Connecticut Light and Power Company (CNLPL) has the higher forward dividend yield at 6.41%, versus 3.96% for National Grid plc (NGG).
- As of Oct 27, 2026, SmarterDividends grades CNLPL's dividend safety A (95/100) and NGG's C (51/100).
- As of Oct 27, 2026, CNLPL's fair-value estimate is 16% below its share price and NGG's fair-value estimate is 22% above its share price, so NGG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CNLPL vs NGG: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/cnlpl-vs-ngg
| Metric | CNLPL | NGG |
|---|---|---|
| Forward yield | 6.41% | 3.96% |
| Annual dividend | $3.24 | $3.24 |
| Payout ratio | — | 72% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | 0.0% | -0.1% |
| 5-yr total return | -11% | 24% |
| Dividend safety score | 95 (A) | 51 (C) |
| Fair value estimate | $42.40 | $100.15 |
| Upside to fair value | -16% | +22% |
| Frequency | quarterly | semiannual |
| Market cap | — | $82.2B |
| P/E ratio | 0.7 | 18.6 |
Higher yield
CNLPL
6.41%
Safer dividend
CNLPL
Grade A
Faster growth
CNLPL
0.0%
Better value
NGG
+22% upside
CNLPL vs NGG — FAQ
Is CNLPL or NGG a better dividend stock?
On the data, CNLPL wins more head-to-head categories (3 vs 2). CNLPL offers the higher yield (6.41%), while CNLPL has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CNLPL or NGG?
CNLPL has the higher forward dividend yield at 6.41%, versus 3.96% for NGG.
Is CNLPL or NGG safer?
CNLPL has the higher dividend-safety score (95/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is CNLPL or NGG better value right now?
As of Oct 27, 2026, NGG looks like the better value: its fair-value estimate is 22% above its share price (undervalued). For CNLPL, its fair-value estimate is 16% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.