NGG vs XEL: Which Is the Better Dividend Stock?
As of September 2026, NGG and XEL are closely matched. NGG offers the higher yield at 4.22%, XEL has the higher dividend-safety score, and NGG trades at the larger discount to fair value (+39%).
| Metric | NGG | XEL |
|---|---|---|
| Forward yield | 4.22% | 3.28% |
| Annual dividend | $3.24 | $2.37 |
| Payout ratio | 71% | 64% |
| Years of growth | 0 yr | 22 yr |
| 5-yr dividend growth | -0.1% | 5.6% |
| 5-yr total return | 20% | 12% |
| Dividend safety score | 51 (C) | 87 (A) |
| Fair value estimate | $107.09 | $87.46 |
| Upside to fair value | +39% | +21% |
| Frequency | semiannual | quarterly |
| Market cap | $77.2B | $45.2B |
| P/E ratio | 17.5 | 19.8 |
Higher yield
NGG
4.22%
Safer dividend
XEL
Grade A
Faster growth
XEL
5.6%
Better value
NGG
+39% upside
NGG vs XEL — FAQ
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