SmarterDividends

HDV vs SPYI: Which Is the Better Dividend Stock?

As of September 2026, SPYI (Neos S&P 500(R) High Income ETF) screens as the stronger dividend stock, winning 3 of 3 head-to-head metrics. SPYI offers the higher yield at 11.86%, HDV has the higher dividend-safety score.

MetricHDVSPYI
Forward yield3.00%11.86%
Annual dividend$0.85$6.34
Payout ratio——
Years of growth0 yr3 yr
5-yr dividend growth1.9%—
5-yr total return46%—
Dividend safety score62 (C)—
Fair value estimate$11.92—
Upside to fair value-59%—
Frequencymonthlymonthly
Market cap——
P/E ratio21.324.7

Higher yield

SPYI

11.86%

Safer dividend

HDV

Grade C

Faster growth

HDV

1.9%

HDV vs SPYI — FAQ

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