PEP vs WMT: Which Is the Better Dividend Stock?
As of September 2026, PEP (PepsiCo, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PEP offers the higher yield at 4.34%, WMT has the higher dividend-safety score, and PEP trades at the larger discount to fair value (-3%).
| Metric | PEP | WMT |
|---|---|---|
| Forward yield | 4.34% | 0.92% |
| Annual dividend | $5.92 | $0.99 |
| Payout ratio | 75% | 35% |
| Years of growth | 53 yr | 50 yr |
| 5-yr dividend growth | 6.9% | 5.5% |
| 5-yr total return | -9% | 131% |
| Dividend safety score | 81 (A) | 91 (A) |
| Fair value estimate | $132.34 | $62.73 |
| Upside to fair value | -3% | -41% |
| Frequency | quarterly | quarterly |
| Market cap | $186.2B | $852.7B |
| P/E ratio | 17.9 | 38.8 |
Higher yield
PEP
4.34%
Safer dividend
WMT
Grade A
Faster growth
PEP
6.9%
Better value
PEP
-3% upside
PEP vs WMT — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.