RY vs V: Which Is the Better Dividend Stock?
As of September 2026, RY and V are closely matched. RY offers the higher yield at 2.41%, V has the higher dividend-safety score, and RY trades at the larger discount to fair value (+19%).
| Metric | RY | V |
|---|---|---|
| Forward yield | 2.41% | 0.71% |
| Annual dividend | $5.07 | $2.68 |
| Payout ratio | 41% | 22% |
| Years of growth | 10 yr | 17 yr |
| 5-yr dividend growth | 6.2% | 14.9% |
| 5-yr total return | 112% | 68% |
| Dividend safety score | 75 (B) | 93 (A) |
| Fair value estimate | $250.12 | $354.28 |
| Upside to fair value | +19% | -6% |
| Frequency | quarterly | quarterly |
| Market cap | $291.5B | $700.3B |
| P/E ratio | 18.4 | 31.9 |
Higher yield
RY
2.41%
Safer dividend
V
Grade A
Faster growth
V
14.9%
Better value
RY
+19% upside
RY vs V — FAQ
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