NGG vs SRE: Which Is the Better Dividend Stock?
As of September 2026, NGG and SRE are closely matched. NGG offers the higher yield at 4.22%, SRE has the higher dividend-safety score, and NGG trades at the larger discount to fair value (+39%).
| Metric | NGG | SRE |
|---|---|---|
| Forward yield | 4.22% | 3.23% |
| Annual dividend | $3.24 | $2.63 |
| Payout ratio | 71% | 76% |
| Years of growth | 0 yr | 15 yr |
| 5-yr dividend growth | -0.1% | 4.3% |
| 5-yr total return | 20% | 27% |
| Dividend safety score | 51 (C) | 88 (A) |
| Fair value estimate | $107.09 | $77.32 |
| Upside to fair value | +39% | -5% |
| Frequency | semiannual | quarterly |
| Market cap | $77.2B | $53.2B |
| P/E ratio | 17.5 | 23.6 |
Higher yield
NGG
4.22%
Safer dividend
SRE
Grade A
Faster growth
SRE
4.3%
Better value
NGG
+39% upside
NGG vs SRE — FAQ
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