NGGTF vs TXNM: Which Is the Better Dividend Stock?
As of Nov 5, 2026, NGGTF (National Grid plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NGGTF offers the higher yield at 3.87%, TXNM has the higher dividend-safety score, and NGGTF looks like the better value (its fair-value estimate is 16% above its share price).
Key facts: NGGTF vs TXNM
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, National Grid plc (NGGTF) has the higher forward dividend yield at 3.87%, versus 2.89% for TXNM Energy, Inc. (TXNM).
- As of Nov 5, 2026, SmarterDividends grades NGGTF's dividend safety C (50/100) and TXNM's B (79/100).
- By SmarterDividends' count as of Nov 5, 2026, NGGTF has raised its dividend for 1 consecutive years and TXNM for 14.
- As of Nov 5, 2026, NGGTF pays out 72% of its earnings as dividends and TXNM pays out 84%.
- As of Nov 5, 2026, NGGTF's fair-value estimate is 16% above its share price and TXNM's fair-value estimate is 23% below its share price, so NGGTF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NGGTF vs TXNM: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/nggtf-vs-txnm
| Metric | NGGTF | TXNM |
|---|---|---|
| Forward yield | 3.87% | 2.89% |
| Annual dividend | $0.65 | $1.69 |
| Payout ratio | 72% | 84% |
| Years of growth | 1 yr | 14 yr |
| 5-yr dividend growth | 5.9% | 5.8% |
| 5-yr total return | 26% | 19% |
| Dividend safety score | 50 (C) | 79 (B) |
| Fair value estimate | $19.58 | $44.86 |
| Upside to fair value | +16% | -23% |
| Frequency | semiannual | quarterly |
| Market cap | $84.5B | $6.4B |
| P/E ratio | 19.1 | 29.2 |
Higher yield
NGGTF
3.87%
Safer dividend
TXNM
Grade B
Faster growth
NGGTF
5.9%
Better value
NGGTF
+16% upside
NGGTF vs TXNM — FAQ
Is NGGTF or TXNM a better dividend stock?
On the data, NGGTF wins more head-to-head categories (5 vs 3). NGGTF offers the higher yield (3.87%), while TXNM has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, NGGTF or TXNM?
NGGTF has the higher forward dividend yield at 3.87%, versus 2.89% for TXNM.
Is NGGTF or TXNM safer?
TXNM has the higher dividend-safety score (79/100 vs 50/100), reflecting stronger payout coverage and dividend-growth history.
Is NGGTF or TXNM better value right now?
As of Nov 5, 2026, NGGTF looks like the better value: its fair-value estimate is 16% above its share price (undervalued). For TXNM, its fair-value estimate is 23% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.