MGEE vs NGG: Which Is the Better Dividend Stock?
As of July 2026, MGEE and NGG are closely matched. NGG offers the higher yield at 3.86%, MGEE has the higher dividend-safety score, and NGG trades at the larger discount to fair value (+17%).
| Metric | MGEE | NGG |
|---|---|---|
| Forward yield | 2.34% | 3.86% |
| Annual dividend | $1.90 | $3.24 |
| Payout ratio | 48% | 71% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.1% | -0.1% |
| 5-yr total return | 1% | 29% |
| Dividend safety score | 95 (A) | 51 (C) |
| Fair value estimate | $57.36 | $98.23 |
| Upside to fair value | -29% | +17% |
| Frequency | quarterly | semiannual |
| Market cap | $3.1B | $82.0B |
| P/E ratio | 20.8 | 19.0 |
Higher yield
NGG
3.86%
Safer dividend
MGEE
Grade A
Faster growth
MGEE
5.1%
Better value
NGG
+17% upside
MGEE vs NGG — FAQ
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