IP vs TM: Which Is the Better Dividend Stock?
As of July 2026, TM (Toyota Motor Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. IP offers the higher yield at 4.93%, IP has the higher dividend-safety score, and TM trades at the larger discount to fair value (+76%).
| Metric | IP | TM |
|---|---|---|
| Forward yield | 4.93% | 3.53% |
| Annual dividend | $1.85 | $6.27 |
| Payout ratio | 158% | 31% |
| Years of growth | 0 yr | 3 yr |
| 5-yr dividend growth | -1.0% | 10.3% |
| 5-yr total return | -34% | 2% |
| Dividend safety score | 62 (C) | 57 (C) |
| Fair value estimate | $42.27 | $312.17 |
| Upside to fair value | +13% | +76% |
| Frequency | quarterly | semiannual |
| Market cap | $19.2B | $211.4B |
| P/E ratio | — | 9.7 |
Higher yield
IP
4.93%
Safer dividend
IP
Grade C
Faster growth
TM
10.3%
Better value
TM
+76% upside
IP vs TM — FAQ
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