EXC vs NGG: Which Is the Better Dividend Stock?
As of Nov 5, 2026, EXC and NGG are closely matched. NGG offers the higher yield at 3.80%, EXC has the higher dividend-safety score, and NGG looks like the better value (its fair-value estimate is 16% above its share price).
Key facts: EXC vs NGG
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, National Grid plc (NGG) has the higher forward dividend yield at 3.80%, versus 3.63% for Exelon Corporation (EXC).
- As of Nov 5, 2026, SmarterDividends grades EXC's dividend safety A (81/100) and NGG's C (51/100).
- By SmarterDividends' count as of Nov 5, 2026, EXC has raised its dividend for 4 consecutive years and NGG for 0.
- As of Nov 5, 2026, EXC pays out 65% of its earnings as dividends and NGG pays out 72%.
- As of Nov 5, 2026, EXC's fair-value estimate is 7% below its share price and NGG's fair-value estimate is 16% above its share price, so NGG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "EXC vs NGG: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/exc-vs-ngg
| Metric | EXC | NGG |
|---|---|---|
| Forward yield | 3.63% | 3.80% |
| Annual dividend | $1.68 | $3.24 |
| Payout ratio | 65% | 72% |
| Years of growth | 4 yr | 0 yr |
| 5-yr dividend growth | 7.9% | -0.1% |
| 5-yr total return | 23% | 27% |
| Dividend safety score | 81 (A) | 51 (C) |
| Fair value estimate | $42.79 | $100.21 |
| Upside to fair value | -7% | +16% |
| Frequency | quarterly | semiannual |
| Market cap | $47.8B | $86.9B |
| P/E ratio | 18.1 | 19.7 |
Higher yield
NGG
3.80%
Safer dividend
EXC
Grade A
Faster growth
EXC
7.9%
Better value
NGG
+16% upside
EXC vs NGG — FAQ
Is EXC or NGG a better dividend stock?
EXC and NGG are closely matched. NGG has the higher yield; EXC scores better on safety.
Which has a higher dividend yield, EXC or NGG?
NGG has the higher forward dividend yield at 3.80%, versus 3.63% for EXC.
Is EXC or NGG safer?
EXC has the higher dividend-safety score (81/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is EXC or NGG better value right now?
As of Nov 5, 2026, NGG looks like the better value: its fair-value estimate is 16% above its share price (undervalued). For EXC, its fair-value estimate is 7% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.