NGG vs NI: Which Is the Better Dividend Stock?
As of Nov 5, 2026, NI (NiSource Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NGG offers the higher yield at 3.80%, NI 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: NGG vs NI
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, National Grid plc (NGG) has the higher forward dividend yield at 3.80%, versus 2.65% for NiSource Inc. (NI).
- As of Nov 5, 2026, SmarterDividends grades NGG's dividend safety C (51/100) and NI's A (87/100).
- By SmarterDividends' count as of Nov 5, 2026, NGG has raised its dividend for 0 consecutive years and NI for 14.
- As of Nov 5, 2026, NGG pays out 72% of its earnings as dividends and NI pays out 61%.
- As of Nov 5, 2026, NGG's fair-value estimate is 16% above its share price and NI's fair-value estimate is 6% below its share price, so NGG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NGG vs NI: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/ngg-vs-ni
| Metric | NGG | NI |
|---|---|---|
| Forward yield | 3.80% | 2.65% |
| Annual dividend | $3.24 | $1.20 |
| Payout ratio | 72% | 61% |
| Years of growth | 0 yr | 14 yr |
| 5-yr dividend growth | -0.1% | 5.9% |
| 5-yr total return | 27% | 82% |
| Dividend safety score | 51 (C) | 87 (A) |
| Fair value estimate | $100.21 | $41.94 |
| Upside to fair value | +16% | -6% |
| Frequency | semiannual | quarterly |
| Market cap | $86.9B | $21.4B |
| P/E ratio | 19.7 | 22.9 |
Higher yield
NGG
3.80%
Safer dividend
NI
Grade A
Faster growth
NI
5.9%
Better value
NGG
+16% upside
NGG vs NI — FAQ
Is NGG or NI a better dividend stock?
On the data, NI wins more head-to-head categories (5 vs 3). NGG offers the higher yield (3.80%), while NI has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, NGG or NI?
NGG has the higher forward dividend yield at 3.80%, versus 2.65% for NI.
Is NGG or NI safer?
NI has the higher dividend-safety score (87/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is NGG or NI 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 NI, its fair-value estimate is 6% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.