NEE vs NGG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, NEE and NGG are closely matched. NGG offers the higher yield at 3.99%, NEE has the higher dividend-safety score, and NGG looks like the better value (its fair-value estimate is 23% above its share price).
Key facts: NEE vs NGG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, National Grid plc (NGG) has the higher forward dividend yield at 3.99%, versus 3.12% for NextEra Energy, Inc. (NEE).
- As of Oct 18, 2026, SmarterDividends grades NEE's dividend safety A (90/100) and NGG's C (51/100).
- By SmarterDividends' count as of Oct 18, 2026, NEE has raised its dividend for 30 consecutive years and NGG for 0.
- As of Oct 18, 2026, NEE pays out 53% of its earnings as dividends and NGG pays out 72%.
- As of Oct 18, 2026, NEE's fair-value estimate is 5% above its share price and NGG's fair-value estimate is 23% above its share price, so NGG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NEE vs NGG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/nee-vs-ngg
| Metric | NEE | NGG |
|---|---|---|
| Forward yield | 3.12% | 3.99% |
| Annual dividend | $2.49 | $3.24 |
| Payout ratio | 53% | 72% |
| Years of growth | 30 yr | 0 yr |
| 5-yr dividend growth | 10.1% | -0.1% |
| 5-yr total return | -8% | 23% |
| Dividend safety score | 90 (A) | 51 (C) |
| Fair value estimate | $83.50 | $100.02 |
| Upside to fair value | +5% | +23% |
| Frequency | quarterly | semiannual |
| Market cap | $166.4B | $81.7B |
| P/E ratio | 17.9 | 18.5 |
Higher yield
NGG
3.99%
Safer dividend
NEE
Grade A
Faster growth
NEE
10.1%
Better value
NGG
+23% upside
NEE vs NGG — FAQ
Is NEE or NGG a better dividend stock?
NEE and NGG are closely matched. NGG has the higher yield; NEE scores better on safety.
Which has a higher dividend yield, NEE or NGG?
NGG has the higher forward dividend yield at 3.99%, versus 3.12% for NEE.
Is NEE or NGG safer?
NEE has the higher dividend-safety score (90/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is NEE or NGG better value right now?
As of Oct 18, 2026, NGG looks like the better value: its fair-value estimate is 23% above its share price (undervalued). For NEE, its fair-value estimate is 5% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.