HRNNF vs NGG: Which Is the Better Dividend Stock?
As of Nov 5, 2026, NGG (National Grid plc) screens as the stronger dividend stock, winning 3 of 4 head-to-head metrics. NGG offers the higher yield at 3.80%, NGG 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: HRNNF 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 2.43% for Hydro One Limited (HRNNF).
- As of Nov 5, 2026, HRNNF pays out 57% of its earnings as dividends and NGG pays out 72%.
- As of Nov 5, 2026, HRNNF's fair-value estimate is 47% 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, "HRNNF vs NGG: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/hrnnf-vs-ngg
| Metric | HRNNF | NGG |
|---|---|---|
| Forward yield | 2.43% | 3.80% |
| Annual dividend | $1.00 | $3.24 |
| Payout ratio | 57% | 72% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | — | -0.1% |
| 5-yr total return | — | 27% |
| Dividend safety score | — | 51 (C) |
| Fair value estimate | $21.78 | $100.21 |
| Upside to fair value | -47% | +16% |
| Frequency | quarterly | semiannual |
| Market cap | $24.7B | $86.9B |
| P/E ratio | 24.1 | 19.7 |
Higher yield
NGG
3.80%
Safer dividend
NGG
Grade C
Faster growth
NGG
-0.1%
Better value
NGG
+16% upside
HRNNF vs NGG — FAQ
Is HRNNF or NGG a better dividend stock?
On the data, NGG wins more head-to-head categories (3 vs 1). NGG offers the higher yield (3.80%), while NGG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, HRNNF or NGG?
NGG has the higher forward dividend yield at 3.80%, versus 2.43% for HRNNF.
Is HRNNF or NGG safer?
Compare each stock's payout ratio, growth streak and cut history on its detail page to judge safety.
Is HRNNF 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 HRNNF, its fair-value estimate is 47% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.