HDV vs SDY: Which Is the Better Dividend Stock?
As of September 2026, SDY (State Street SPDR S&P Dividend ETF) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. HDV offers the higher yield at 3.00%, SDY has the higher dividend-safety score, and SDY trades at the larger discount to fair value (-57%).
| Metric | HDV | SDY |
|---|---|---|
| Forward yield | 3.00% | 2.54% |
| Annual dividend | $0.85 | $3.78 |
| Payout ratio | — | — |
| Years of growth | 0 yr | 3 yr |
| 5-yr dividend growth | 1.9% | 3.8% |
| 5-yr total return | 46% | 22% |
| Dividend safety score | 62 (C) | 66 (B) |
| Fair value estimate | $11.92 | $64.31 |
| Upside to fair value | -59% | -57% |
| Frequency | monthly | quarterly |
| Market cap | — | — |
| P/E ratio | 21.3 | 18.9 |
Higher yield
HDV
3.00%
Safer dividend
SDY
Grade B
Faster growth
SDY
3.8%
Better value
SDY
-57% upside
HDV vs SDY — FAQ
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