CWT vs NGGTF: Which Is the Better Dividend Stock?
As of Oct 18, 2026, CWT (California Water Service Group) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NGGTF offers the higher yield at 3.96%, CWT has the higher dividend-safety score, and NGGTF looks like the better value (its fair-value estimate is 20% above its share price).
Key facts: CWT vs NGGTF
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, National Grid plc (NGGTF) has the higher forward dividend yield at 3.96%, versus 2.89% for California Water Service Group (CWT).
- As of Oct 18, 2026, SmarterDividends grades CWT's dividend safety A (89/100) and NGGTF's C (50/100).
- By SmarterDividends' count as of Oct 18, 2026, CWT has raised its dividend for 22 consecutive years and NGGTF for 1.
- As of Oct 18, 2026, CWT pays out 57% of its earnings as dividends and NGGTF pays out 72%.
- As of Oct 18, 2026, CWT's fair-value estimate is 39% below its share price and NGGTF's fair-value estimate is 20% above its share price, so NGGTF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CWT vs NGGTF: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/cwt-vs-nggtf
| Metric | CWT | NGGTF |
|---|---|---|
| Forward yield | 2.89% | 3.96% |
| Annual dividend | $1.34 | $0.65 |
| Payout ratio | 57% | 72% |
| Years of growth | 22 yr | 1 yr |
| 5-yr dividend growth | 7.8% | 5.9% |
| 5-yr total return | -26% | 22% |
| Dividend safety score | 89 (A) | 50 (C) |
| Fair value estimate | $28.39 | $19.77 |
| Upside to fair value | -39% | +20% |
| Frequency | quarterly | semiannual |
| Market cap | $2.9B | $82.6B |
| P/E ratio | 20.8 | 18.7 |
Higher yield
NGGTF
3.96%
Safer dividend
CWT
Grade A
Faster growth
CWT
7.8%
Better value
NGGTF
+20% upside
CWT vs NGGTF — FAQ
Is CWT or NGGTF a better dividend stock?
On the data, CWT wins more head-to-head categories (5 vs 3). NGGTF offers the higher yield (3.96%), while CWT has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CWT or NGGTF?
NGGTF has the higher forward dividend yield at 3.96%, versus 2.89% for CWT.
Is CWT or NGGTF safer?
CWT has the higher dividend-safety score (89/100 vs 50/100), reflecting stronger payout coverage and dividend-growth history.
Is CWT or NGGTF better value right now?
As of Oct 18, 2026, NGGTF looks like the better value: its fair-value estimate is 20% above its share price (undervalued). For CWT, its fair-value estimate is 39% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.