SmarterDividends

PG vs TPB: Which Is the Better Dividend Stock?

As of June 2026, PG (The Procter & Gamble Company) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. PG offers the higher yield at 2.83%, PG has the higher dividend-safety score, and PG trades at the larger discount to fair value (-8%).

MetricPGTPB
Forward yield2.83%0.47%
Annual dividend$4.23$0.31
Payout ratio
Years of growth42 yr8 yr
5-yr dividend growth6.0%8.4%
5-yr total return11%80%
Dividend safety score90 (A)82 (A)
Fair value estimate$137.94$26.97
Upside to fair value-8%-67%
Frequencyquarterlyquarterly
Market cap$350.2B$1.6B
P/E ratio22.028.1

Higher yield

PG

2.83%

Safer dividend

PG

Grade A

Faster growth

TPB

8.4%

Better value

PG

-8% upside

PG vs TPB — FAQ

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