NGG vs PCG: Which Is the Better Dividend Stock?
As of Nov 5, 2026, PCG (PG&E Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. NGG offers the higher yield at 3.80%, PCG has the higher dividend-safety score, and PCG looks like the better value (its fair-value estimate is 38% above its share price).
Key facts: NGG vs PCG
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 1.49% for PG&E Corporation (PCG).
- As of Nov 5, 2026, SmarterDividends grades NGG's dividend safety C (51/100) and PCG's C (53/100).
- As of Nov 5, 2026, NGG pays out 72% of its earnings as dividends and PCG pays out 15%.
- As of Nov 5, 2026, NGG's fair-value estimate is 16% above its share price and PCG's fair-value estimate is 38% above its share price, so PCG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NGG vs PCG: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/ngg-vs-pcg
| Metric | NGG | PCG |
|---|---|---|
| Forward yield | 3.80% | 1.49% |
| Annual dividend | $3.24 | $0.20 |
| Payout ratio | 72% | 15% |
| Years of growth | 0 yr | 1 yr |
| 5-yr dividend growth | -0.1% | — |
| 5-yr total return | 27% | 11% |
| Dividend safety score | 51 (C) | 53 (C) |
| Fair value estimate | $100.21 | $18.22 |
| Upside to fair value | +16% | +38% |
| Frequency | semiannual | quarterly |
| Market cap | $86.9B | $39.5B |
| P/E ratio | 19.7 | 9.7 |
Higher yield
NGG
3.80%
Safer dividend
PCG
Grade C
Faster growth
NGG
-0.1%
Better value
PCG
+38% upside
NGG vs PCG — FAQ
Is NGG or PCG a better dividend stock?
On the data, PCG wins more head-to-head categories (4 vs 3). NGG offers the higher yield (3.80%), while PCG 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 PCG?
NGG has the higher forward dividend yield at 3.80%, versus 1.49% for PCG.
Is NGG or PCG safer?
PCG has the higher dividend-safety score (53/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is NGG or PCG better value right now?
As of Nov 5, 2026, PCG looks like the better value: its fair-value estimate is 38% above its share price (undervalued). For NGG, 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.