MDDNF vs NGG: Which Is the Better Dividend Stock?
As of Nov 5, 2026, NGG (National Grid plc) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. MDDNF offers the higher yield at 4.31%, 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: MDDNF vs NGG
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Meridian Energy Limited (MDDNF) has the higher forward dividend yield at 4.31%, versus 3.80% for National Grid plc (NGG).
- As of Nov 5, 2026, SmarterDividends grades MDDNF's dividend safety D (47/100) and NGG's C (51/100).
- As of Nov 5, 2026, MDDNF pays out 434% of its earnings as dividends and NGG pays out 72%.
- As of Nov 5, 2026, MDDNF's fair-value estimate is 1% 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, "MDDNF vs NGG: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/mddnf-vs-ngg
| Metric | MDDNF | NGG |
|---|---|---|
| Forward yield | 4.31% | 3.80% |
| Annual dividend | $0.13 | $3.24 |
| Payout ratio | 434% | 72% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | 1.6% | -0.1% |
| 5-yr total return | -2% | 27% |
| Dividend safety score | 47 (D) | 51 (C) |
| Fair value estimate | $2.98 | $100.21 |
| Upside to fair value | -1% | +16% |
| Frequency | semiannual | semiannual |
| Market cap | $8.0B | $86.9B |
| P/E ratio | 100.0 | 19.7 |
Higher yield
MDDNF
4.31%
Safer dividend
NGG
Grade C
Faster growth
MDDNF
1.6%
Better value
NGG
+16% upside
MDDNF vs NGG — FAQ
Is MDDNF or NGG a better dividend stock?
On the data, NGG wins more head-to-head categories (5 vs 2). MDDNF offers the higher yield (4.31%), 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, MDDNF or NGG?
MDDNF has the higher forward dividend yield at 4.31%, versus 3.80% for NGG.
Is MDDNF or NGG safer?
NGG has the higher dividend-safety score (51/100 vs 47/100), reflecting stronger payout coverage and dividend-growth history.
Is MDDNF 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 MDDNF, its fair-value estimate is 1% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.