PG vs PM: Which Is the Better Dividend Stock?
As of September 2026, PG (The Procter & Gamble Company) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PM offers the higher yield at 3.08%, PG has the higher dividend-safety score, and PG trades at the larger discount to fair value (-5%).
| Metric | PG | PM |
|---|---|---|
| Forward yield | 3.05% | 3.08% |
| Annual dividend | $4.35 | $5.88 |
| Payout ratio | 64% | 81% |
| Years of growth | 42 yr | 13 yr |
| 5-yr dividend growth | 6.0% | 3.5% |
| 5-yr total return | 4% | 102% |
| Dividend safety score | 90 (A) | 72 (B) |
| Fair value estimate | $137.56 | $173.73 |
| Upside to fair value | -5% | -9% |
| Frequency | quarterly | quarterly |
| Market cap | $337.4B | $297.8B |
| P/E ratio | 21.9 | 26.2 |
Higher yield
PM
3.08%
Safer dividend
PG
Grade A
Faster growth
PG
6.0%
Better value
PG
-5% upside
PG vs PM — FAQ
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