MSEX vs NGGTF: Which Is the Better Dividend Stock?
As of Oct 18, 2026, MSEX and NGGTF are closely matched. NGGTF offers the higher yield at 3.96%, MSEX has the higher dividend-safety score, and NGGTF looks like the better value (its fair-value estimate is 20% above its share price).
Key facts: MSEX vs NGGTF
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, National Grid plc (NGGTF) has the higher forward dividend yield at 3.96%, versus 2.64% for Middlesex Water Company (MSEX).
- As of Oct 18, 2026, SmarterDividends grades MSEX's dividend safety A (91/100) and NGGTF's C (50/100).
- By SmarterDividends' count as of Oct 18, 2026, MSEX has raised its dividend for 22 consecutive years and NGGTF for 1.
- As of Oct 18, 2026, MSEX pays out 55% of its earnings as dividends and NGGTF pays out 72%.
- As of Oct 18, 2026, MSEX's fair-value estimate is 30% below its share price and NGGTF's fair-value estimate is 20% above its share price, so NGGTF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MSEX vs NGGTF: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/msex-vs-nggtf
| Metric | MSEX | NGGTF |
|---|---|---|
| Forward yield | 2.64% | 3.96% |
| Annual dividend | $1.44 | $0.65 |
| Payout ratio | 55% | 72% |
| Years of growth | 22 yr | 1 yr |
| 5-yr dividend growth | 5.8% | 5.9% |
| 5-yr total return | -47% | 22% |
| Dividend safety score | 91 (A) | 50 (C) |
| Fair value estimate | $38.20 | $19.77 |
| Upside to fair value | -30% | +20% |
| Frequency | quarterly | semiannual |
| Market cap | $1.0B | $82.6B |
| P/E ratio | 21.1 | 18.7 |
Higher yield
NGGTF
3.96%
Safer dividend
MSEX
Grade A
Faster growth
NGGTF
5.9%
Better value
NGGTF
+20% upside
MSEX vs NGGTF — FAQ
Is MSEX or NGGTF a better dividend stock?
MSEX and NGGTF are closely matched. NGGTF has the higher yield; MSEX scores better on safety.
Which has a higher dividend yield, MSEX or NGGTF?
NGGTF has the higher forward dividend yield at 3.96%, versus 2.64% for MSEX.
Is MSEX or NGGTF safer?
MSEX has the higher dividend-safety score (91/100 vs 50/100), reflecting stronger payout coverage and dividend-growth history.
Is MSEX or NGGTF better value right now?
As of Oct 18, 2026, NGGTF looks like the better value: its fair-value estimate is 20% above its share price (undervalued). For MSEX, its fair-value estimate is 30% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.