NGG vs PNW: Which Is the Better Dividend Stock?
As of Nov 5, 2026, PNW (Pinnacle West Capital Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. NGG offers the higher yield at 3.80%, PNW 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 PNW
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 3.50% for Pinnacle West Capital Corporation (PNW).
- As of Nov 5, 2026, SmarterDividends grades NGG's dividend safety C (51/100) and PNW's A (88/100).
- By SmarterDividends' count as of Nov 5, 2026, NGG has raised its dividend for 0 consecutive years and PNW for 14.
- As of Nov 5, 2026, NGG pays out 72% of its earnings as dividends and PNW pays out 68%.
- As of Nov 5, 2026, NGG's fair-value estimate is 16% above its share price and PNW's fair-value estimate is 15% above its share price, so NGG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NGG vs PNW: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/ngg-vs-pnw
| Metric | NGG | PNW |
|---|---|---|
| Forward yield | 3.80% | 3.50% |
| Annual dividend | $3.24 | $3.70 |
| Payout ratio | 72% | 68% |
| Years of growth | 0 yr | 14 yr |
| 5-yr dividend growth | -0.1% | 2.5% |
| 5-yr total return | 27% | 63% |
| Dividend safety score | 51 (C) | 88 (A) |
| Fair value estimate | $100.21 | $119.78 |
| Upside to fair value | +16% | +15% |
| Frequency | semiannual | quarterly |
| Market cap | $86.9B | $12.6B |
| P/E ratio | 19.7 | 19.6 |
Higher yield
NGG
3.80%
Safer dividend
PNW
Grade A
Faster growth
PNW
2.5%
Better value
NGG
+16% upside
NGG vs PNW — FAQ
Is NGG or PNW a better dividend stock?
On the data, PNW wins more head-to-head categories (6 vs 2). NGG offers the higher yield (3.80%), while PNW 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 PNW?
NGG has the higher forward dividend yield at 3.80%, versus 3.50% for PNW.
Is NGG or PNW safer?
PNW has the higher dividend-safety score (88/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is NGG or PNW 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 PNW, its fair-value estimate is 15% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.