SmarterDividends

GOOGL vs MLPR: Which Is the Better Dividend Stock?

As of September 2026, MLPR (ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. MLPR offers the higher yield at 8.42%, MLPR has the higher dividend-safety score, and GOOGL trades at the larger discount to fair value (+36%).

MetricGOOGLMLPR
Forward yield0.26%8.42%
Annual dividend$0.88$6.67
Payout ratio4%
Years of growth1 yr5 yr
5-yr dividend growth27.2%
5-yr total return153%143%
Dividend safety score76 (B)81 (A)
Fair value estimate$461.71$107.27
Upside to fair value+36%+35%
Frequencyquarterlyquarterly
Market cap$4.1T
P/E ratio17.0

Higher yield

MLPR

8.42%

Safer dividend

MLPR

Grade A

Faster growth

MLPR

27.2%

Better value

GOOGL

+36% upside

GOOGL vs MLPR — FAQ

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