NGG vs PPL: Which Is the Better Dividend Stock?
As of Nov 5, 2026, NGG and PPL are closely matched. NGG offers the higher yield at 3.80%, PPL 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 PPL
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 3.19% for PPL Corporation (PPL).
- As of Nov 5, 2026, SmarterDividends grades NGG's dividend safety C (51/100) and PPL's C (65/100).
- By SmarterDividends' count as of Nov 5, 2026, NGG has raised its dividend for 0 consecutive years and PPL for 3.
- As of Nov 5, 2026, NGG pays out 72% of its earnings as dividends and PPL pays out 66%.
- As of Nov 5, 2026, NGG's fair-value estimate is 16% above its share price and PPL's fair-value estimate is 5% below its share price, so NGG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NGG vs PPL: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/ngg-vs-ppl
| Metric | NGG | PPL |
|---|---|---|
| Forward yield | 3.80% | 3.19% |
| Annual dividend | $3.24 | $1.14 |
| Payout ratio | 72% | 66% |
| Years of growth | 0 yr | 3 yr |
| 5-yr dividend growth | -0.1% | -8.0% |
| 5-yr total return | 27% | 28% |
| Dividend safety score | 51 (C) | 65 (C) |
| Fair value estimate | $100.21 | $33.93 |
| Upside to fair value | +16% | -5% |
| Frequency | semiannual | quarterly |
| Market cap | $86.9B | $26.8B |
| P/E ratio | 19.7 | 21.1 |
Higher yield
NGG
3.80%
Safer dividend
PPL
Grade C
Faster growth
NGG
-0.1%
Better value
NGG
+16% upside
NGG vs PPL — FAQ
Is NGG or PPL a better dividend stock?
NGG and PPL are closely matched. NGG has the higher yield; PPL scores better on safety.
Which has a higher dividend yield, NGG or PPL?
NGG has the higher forward dividend yield at 3.80%, versus 3.19% for PPL.
Is NGG or PPL safer?
PPL has the higher dividend-safety score (65/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is NGG or PPL 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 PPL, its fair-value estimate is 5% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.