NGG vs SRE: Which Is the Better Dividend Stock?
As of Nov 5, 2026, NGG and SRE are closely matched. NGG offers the higher yield at 3.80%, SRE 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 SRE
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 3.17% for Sempra (SRE).
- As of Nov 5, 2026, SmarterDividends grades NGG's dividend safety C (51/100) and SRE's A (88/100).
- By SmarterDividends' count as of Nov 5, 2026, NGG has raised its dividend for 0 consecutive years and SRE for 15.
- As of Nov 5, 2026, NGG pays out 72% of its earnings as dividends and SRE pays out 75%.
- As of Nov 5, 2026, NGG's fair-value estimate is 16% above its share price and SRE's fair-value estimate is 6% below its share price, so NGG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NGG vs SRE: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/ngg-vs-sre
| Metric | NGG | SRE |
|---|---|---|
| Forward yield | 3.80% | 3.17% |
| Annual dividend | $3.24 | $2.63 |
| Payout ratio | 72% | 75% |
| Years of growth | 0 yr | 15 yr |
| 5-yr dividend growth | -0.1% | 4.3% |
| 5-yr total return | 27% | 44% |
| Dividend safety score | 51 (C) | 88 (A) |
| Fair value estimate | $100.21 | $74.68 |
| Upside to fair value | +16% | -6% |
| Frequency | semiannual | quarterly |
| Market cap | $86.9B | $52.2B |
| P/E ratio | 19.7 | 23.1 |
Higher yield
NGG
3.80%
Safer dividend
SRE
Grade A
Faster growth
SRE
4.3%
Better value
NGG
+16% upside
NGG vs SRE — FAQ
Is NGG or SRE a better dividend stock?
NGG and SRE are closely matched. NGG has the higher yield; SRE scores better on safety.
Which has a higher dividend yield, NGG or SRE?
NGG has the higher forward dividend yield at 3.80%, versus 3.17% for SRE.
Is NGG or SRE safer?
SRE has the higher dividend-safety score (88/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is NGG or SRE 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 SRE, its fair-value estimate is 6% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.