NGG vs SPH: Which Is the Better Dividend Stock?
As of July 2026, NGG (National Grid plc) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. SPH offers the higher yield at 7.17%, SPH has the higher dividend-safety score, and NGG trades at the larger discount to fair value (+17%).
| Metric | NGG | SPH |
|---|---|---|
| Forward yield | 3.86% | 7.17% |
| Annual dividend | $3.24 | $1.30 |
| Payout ratio | 71% | 66% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -0.1% | -6.3% |
| 5-yr total return | 29% | 19% |
| Dividend safety score | 51 (C) | 61 (C) |
| Fair value estimate | $98.23 | $17.72 |
| Upside to fair value | +17% | -2% |
| Frequency | semiannual | quarterly |
| Market cap | $82.0B | $1.2B |
| P/E ratio | 19.0 | 9.3 |
Higher yield
SPH
7.17%
Safer dividend
SPH
Grade C
Faster growth
NGG
-0.1%
Better value
NGG
+17% upside
NGG vs SPH — FAQ
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