AFL vs MA: Which Is the Better Dividend Stock?
As of July 2026, AFL (Aflac Incorporated) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. AFL offers the higher yield at 1.96%, AFL has the higher dividend-safety score, and MA trades at the larger discount to fair value (+3%).
| Metric | AFL | MA |
|---|---|---|
| Forward yield | 1.96% | 0.64% |
| Annual dividend | $2.44 | $3.48 |
| Payout ratio | 27% | 18% |
| Years of growth | 41 yr | 14 yr |
| 5-yr dividend growth | 15.7% | 13.7% |
| 5-yr total return | 120% | 57% |
| Dividend safety score | 99 (A) | 89 (A) |
| Fair value estimate | $127.75 | $558.71 |
| Upside to fair value | +2% | +3% |
| Frequency | quarterly | quarterly |
| Market cap | $63.2B | $483.7B |
| P/E ratio | 14.2 | 31.4 |
Higher yield
AFL
1.96%
Safer dividend
AFL
Grade A
Faster growth
AFL
15.7%
Better value
MA
+3% upside
AFL vs MA — FAQ
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