SmarterDividends

RY vs V: Which Is the Better Dividend Stock?

As of July 2026, RY and V are closely matched. RY offers the higher yield at 2.37%, V has the higher dividend-safety score, and RY trades at the larger discount to fair value (+102%).

MetricRYV
Forward yield2.37%0.75%
Annual dividend$5.10$2.68
Payout ratio41%22%
Years of growth10 yr17 yr
5-yr dividend growth6.2%14.9%
5-yr total return110%57%
Dividend safety score75 (B)92 (A)
Fair value estimate$435.73$348.88
Upside to fair value+102%-3%
Frequencyquarterlyquarterly
Market cap$292.3B$685.7B
P/E ratio19.931.2

Higher yield

RY

2.37%

Safer dividend

V

Grade A

Faster growth

V

14.9%

Better value

RY

+102% upside

RY vs V — FAQ

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