FE vs NGG: Which Is the Better Dividend Stock?
As of Nov 5, 2026, FE and NGG are closely matched. FE offers the higher yield at 3.94%, FE 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: FE vs NGG
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, FirstEnergy Corp. (FE) has the higher forward dividend yield at 3.94%, versus 3.80% for National Grid plc (NGG).
- As of Nov 5, 2026, SmarterDividends grades FE's dividend safety B (70/100) and NGG's C (51/100).
- By SmarterDividends' count as of Nov 5, 2026, FE has raised its dividend for 3 consecutive years and NGG for 0.
- As of Nov 5, 2026, FE pays out 88% of its earnings as dividends and NGG pays out 72%.
- As of Nov 5, 2026, FE's fair-value estimate is 3% above 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, "FE vs NGG: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/fe-vs-ngg
| Metric | FE | NGG |
|---|---|---|
| Forward yield | 3.94% | 3.80% |
| Annual dividend | $1.86 | $3.24 |
| Payout ratio | 88% | 72% |
| Years of growth | 3 yr | 0 yr |
| 5-yr dividend growth | 2.4% | -0.1% |
| 5-yr total return | 25% | 27% |
| Dividend safety score | 70 (B) | 51 (C) |
| Fair value estimate | $48.33 | $100.21 |
| Upside to fair value | +3% | +16% |
| Frequency | quarterly | semiannual |
| Market cap | $27.2B | $86.9B |
| P/E ratio | 22.7 | 19.7 |
Higher yield
FE
3.94%
Safer dividend
FE
Grade B
Faster growth
FE
2.4%
Better value
NGG
+16% upside
FE vs NGG — FAQ
Is FE or NGG a better dividend stock?
FE and NGG are closely matched. FE has the higher yield; FE scores better on safety.
Which has a higher dividend yield, FE or NGG?
FE has the higher forward dividend yield at 3.94%, versus 3.80% for NGG.
Is FE or NGG safer?
FE has the higher dividend-safety score (70/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is FE 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 FE, its fair-value estimate is 3% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.