NGG vs SWX: Which Is the Better Dividend Stock?
As of Oct 24, 2026, SWX (Southwest Gas Holdings, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. NGG offers the higher yield at 3.96%, SWX has the higher dividend-safety score, and NGG looks like the better value (its fair-value estimate is 22% above its share price).
Key facts: NGG vs SWX
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, National Grid plc (NGG) has the higher forward dividend yield at 3.96%, versus 2.83% for Southwest Gas Holdings, Inc. (SWX).
- As of Oct 24, 2026, SmarterDividends grades NGG's dividend safety C (51/100) and SWX's A (93/100).
- As of Oct 24, 2026, NGG pays out 72% of its earnings as dividends and SWX pays out 63%.
- As of Oct 24, 2026, NGG's fair-value estimate is 22% above its share price and SWX's fair-value estimate is 21% above its share price, so NGG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NGG vs SWX: Dividend Yield, Safety & Value Compared," updated Oct 24, 2026, https://smarterdividends.com/compare/ngg-vs-swx
| Metric | NGG | SWX |
|---|---|---|
| Forward yield | 3.96% | 2.83% |
| Annual dividend | $3.24 | $2.58 |
| Payout ratio | 72% | 63% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -0.1% | 1.9% |
| 5-yr total return | 24% | 39% |
| Dividend safety score | 51 (C) | 93 (A) |
| Fair value estimate | $100.15 | $110.00 |
| Upside to fair value | +22% | +21% |
| Frequency | semiannual | quarterly |
| Market cap | $82.3B | $6.6B |
| P/E ratio | 18.6 | 22.8 |
Higher yield
NGG
3.96%
Safer dividend
SWX
Grade A
Faster growth
SWX
1.9%
Better value
NGG
+22% upside
NGG vs SWX — FAQ
Is NGG or SWX a better dividend stock?
On the data, SWX wins more head-to-head categories (4 vs 3). NGG offers the higher yield (3.96%), while SWX 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 SWX?
NGG has the higher forward dividend yield at 3.96%, versus 2.83% for SWX.
Is NGG or SWX safer?
SWX has the higher dividend-safety score (93/100 vs 51/100), reflecting stronger payout coverage and dividend-growth history.
Is NGG or SWX better value right now?
As of Oct 24, 2026, NGG looks like the better value: its fair-value estimate is 22% above its share price (undervalued). For SWX, its fair-value estimate is 21% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.