NEE vs OGS: Which Is the Better Dividend Stock?
As of Oct 18, 2026, NEE and OGS are closely matched. OGS offers the higher yield at 3.60%, NEE has the higher dividend-safety score, and OGS looks like the better value (its fair-value estimate is 42% above its share price).
Key facts: NEE vs OGS
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, ONE Gas, Inc. (OGS) has the higher forward dividend yield at 3.60%, versus 3.12% for NextEra Energy, Inc. (NEE).
- As of Oct 18, 2026, SmarterDividends grades NEE's dividend safety A (90/100) and OGS's A (85/100).
- By SmarterDividends' count as of Oct 18, 2026, NEE has raised its dividend for 30 consecutive years and OGS for 11.
- As of Oct 18, 2026, NEE pays out 53% of its earnings as dividends and OGS pays out 58%.
- As of Oct 18, 2026, NEE's fair-value estimate is 5% above its share price and OGS's fair-value estimate is 42% above its share price, so OGS looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NEE vs OGS: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/nee-vs-ogs
| Metric | NEE | OGS |
|---|---|---|
| Forward yield | 3.12% | 3.60% |
| Annual dividend | $2.49 | $2.72 |
| Payout ratio | 53% | 58% |
| Years of growth | 30 yr | 11 yr |
| 5-yr dividend growth | 10.1% | 4.4% |
| 5-yr total return | -8% | 17% |
| Dividend safety score | 90 (A) | 85 (A) |
| Fair value estimate | $83.50 | $107.06 |
| Upside to fair value | +5% | +42% |
| Frequency | quarterly | quarterly |
| Market cap | $166.4B | $4.8B |
| P/E ratio | 17.9 | 16.3 |
Higher yield
OGS
3.60%
Safer dividend
NEE
Grade A
Faster growth
NEE
10.1%
Better value
OGS
+42% upside
NEE vs OGS — FAQ
Is NEE or OGS a better dividend stock?
NEE and OGS are closely matched. OGS has the higher yield; NEE scores better on safety.
Which has a higher dividend yield, NEE or OGS?
OGS has the higher forward dividend yield at 3.60%, versus 3.12% for NEE.
Is NEE or OGS safer?
NEE has the higher dividend-safety score (90/100 vs 85/100), reflecting stronger payout coverage and dividend-growth history.
Is NEE or OGS better value right now?
As of Oct 18, 2026, OGS looks like the better value: its fair-value estimate is 42% above its share price (undervalued). For NEE, its fair-value estimate is 5% above its share price.
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