NGG vs SPH: Which Is the Better Dividend Stock?
As of Oct 27, 2026, SPH (Suburban Propane Partners, L.P.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. SPH offers the higher yield at 7.79%, SPH has the higher dividend-safety score, and SPH looks like the better value (its fair-value estimate is 36% above its share price).
Key facts: NGG vs SPH
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Suburban Propane Partners, L.P. (SPH) has the higher forward dividend yield at 7.79%, versus 3.96% for National Grid plc (NGG).
- As of Oct 27, 2026, SmarterDividends grades NGG's dividend safety C (51/100) and SPH's C (60/100).
- As of Oct 27, 2026, NGG pays out 72% of its earnings as dividends and SPH pays out 67%.
- As of Oct 27, 2026, NGG's fair-value estimate is 22% above its share price and SPH's fair-value estimate is 36% above its share price, so SPH looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NGG vs SPH: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/ngg-vs-sph
| Metric | NGG | SPH |
|---|---|---|
| Forward yield | 3.96% | 7.79% |
| Annual dividend | $3.24 | $1.40 |
| Payout ratio | 72% | 67% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -0.1% | -6.3% |
| 5-yr total return | 24% | 23% |
| Dividend safety score | 51 (C) | 60 (C) |
| Fair value estimate | $100.15 | $24.45 |
| Upside to fair value | +22% | +36% |
| Frequency | semiannual | quarterly |
| Market cap | $82.2B | $1.2B |
| P/E ratio | 18.6 | 9.3 |
Higher yield
SPH
7.79%
Safer dividend
SPH
Grade C
Faster growth
NGG
-0.1%
Better value
SPH
+36% upside
NGG vs SPH — FAQ
Is NGG or SPH a better dividend stock?
On the data, SPH wins more head-to-head categories (4 vs 3). SPH offers the higher yield (7.79%), while SPH 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 SPH?
SPH has the higher forward dividend yield at 7.79%, versus 3.96% for NGG.
Is NGG or SPH safer?
SPH has the higher dividend-safety score (60/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is NGG or SPH better value right now?
As of Oct 27, 2026, SPH looks like the better value: its fair-value estimate is 36% above its share price (undervalued). For NGG, its fair-value estimate is 22% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.