NGG vs PPL: Which Is the Better Dividend Stock?
As of September 2026, NGG (National Grid plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NGG offers the higher yield at 4.22%, PPL has the higher dividend-safety score, and NGG trades at the larger discount to fair value (+39%).
| Metric | NGG | PPL |
|---|---|---|
| Forward yield | 4.22% | 3.42% |
| Annual dividend | $3.24 | $1.14 |
| Payout ratio | 71% | 66% |
| Years of growth | 0 yr | 3 yr |
| 5-yr dividend growth | -0.1% | -8.0% |
| 5-yr total return | 20% | 16% |
| Dividend safety score | 51 (C) | 65 (C) |
| Fair value estimate | $107.09 | $34.93 |
| Upside to fair value | +39% | +5% |
| Frequency | semiannual | quarterly |
| Market cap | $77.2B | $25.1B |
| P/E ratio | 17.5 | 19.7 |
Higher yield
NGG
4.22%
Safer dividend
PPL
Grade C
Faster growth
NGG
-0.1%
Better value
NGG
+39% upside
NGG vs PPL — FAQ
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