BHP vs WPM: Which Is the Better Dividend Stock?
As of July 2026, WPM (Wheaton Precious Metals Corp.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. BHP offers the higher yield at 3.30%, WPM has the higher dividend-safety score, and WPM trades at the larger discount to fair value (-27%).
| Metric | BHP | WPM |
|---|---|---|
| Forward yield | 3.30% | 0.75% |
| Annual dividend | $2.66 | $0.78 |
| Payout ratio | 55% | 17% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | -1.4% | 9.5% |
| 5-yr total return | 37% | 131% |
| Dividend safety score | 59 (C) | 76 (B) |
| Fair value estimate | $42.69 | $76.42 |
| Upside to fair value | -47% | -27% |
| Frequency | semiannual | quarterly |
| Market cap | $204.5B | $47.0B |
| P/E ratio | 20.0 | 26.3 |
Higher yield
BHP
3.30%
Safer dividend
WPM
Grade B
Faster growth
WPM
9.5%
Better value
WPM
-27% upside
BHP vs WPM — FAQ
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