MO vs PG: Which Is the Better Dividend Stock?
As of July 2026, PG (The Procter & Gamble Company) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. MO offers the higher yield at 5.67%, PG has the higher dividend-safety score, and MO trades at the larger discount to fair value (+42%).
| Metric | MO | PG |
|---|---|---|
| Forward yield | 5.67% | 2.92% |
| Annual dividend | $4.24 | $4.35 |
| Payout ratio | 88% | 62% |
| Years of growth | 17 yr | 42 yr |
| 5-yr dividend growth | 4.1% | 6.0% |
| 5-yr total return | 45% | 4% |
| Dividend safety score | 80 (A) | 90 (A) |
| Fair value estimate | $103.49 | $138.72 |
| Upside to fair value | +42% | -6% |
| Frequency | quarterly | quarterly |
| Market cap | $125.1B | $340.2B |
| P/E ratio | 15.6 | 21.4 |
Higher yield
MO
5.67%
Safer dividend
PG
Grade A
Faster growth
PG
6.0%
Better value
MO
+42% upside
MO vs PG — FAQ
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