NGG vs NJR: Which Is the Better Dividend Stock?
As of Oct 24, 2026, NJR (New Jersey Resources Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NGG offers the higher yield at 3.96%, NJR has the higher dividend-safety score, and NGG looks like the better value (its fair-value estimate is 22% above its share price).
Key facts: NGG vs NJR
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, National Grid plc (NGG) has the higher forward dividend yield at 3.96%, versus 3.76% for New Jersey Resources Corporation (NJR).
- As of Oct 24, 2026, SmarterDividends grades NGG's dividend safety C (51/100) and NJR's A (93/100).
- By SmarterDividends' count as of Oct 24, 2026, NGG has raised its dividend for 0 consecutive years and NJR for 30.
- As of Oct 24, 2026, NGG pays out 72% of its earnings as dividends and NJR pays out 53%.
- As of Oct 24, 2026, NGG's fair-value estimate is 22% above its share price and NJR's fair-value estimate is 16% above its share price, so NGG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NGG vs NJR: Dividend Yield, Safety & Value Compared," updated Oct 24, 2026, https://smarterdividends.com/compare/ngg-vs-njr
| Metric | NGG | NJR |
|---|---|---|
| Forward yield | 3.96% | 3.76% |
| Annual dividend | $3.24 | $2.00 |
| Payout ratio | 72% | 53% |
| Years of growth | 0 yr | 30 yr |
| 5-yr dividend growth | -0.1% | 7.4% |
| 5-yr total return | 24% | 45% |
| Dividend safety score | 51 (C) | 93 (A) |
| Fair value estimate | $100.02 | $61.47 |
| Upside to fair value | +22% | +16% |
| Frequency | semiannual | quarterly |
| Market cap | $82.3B | $5.4B |
| P/E ratio | 18.6 | 14.7 |
Higher yield
NGG
3.96%
Safer dividend
NJR
Grade A
Faster growth
NJR
7.4%
Better value
NGG
+22% upside
NGG vs NJR — FAQ
Is NGG or NJR a better dividend stock?
On the data, NJR wins more head-to-head categories (5 vs 3). NGG offers the higher yield (3.96%), while NJR 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 NJR?
NGG has the higher forward dividend yield at 3.96%, versus 3.76% for NJR.
Is NGG or NJR safer?
NJR has the higher dividend-safety score (93/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is NGG or NJR better value right now?
As of Oct 24, 2026, NGG looks like the better value: its fair-value estimate is 22% above its share price (undervalued). For NJR, its fair-value estimate is 16% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.