UL vs WMT: Which Is the Better Dividend Stock?
As of September 2026, WMT (Walmart Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. UL offers the higher yield at 3.37%, WMT has the higher dividend-safety score, and UL trades at the larger discount to fair value (+15%).
| Metric | UL | WMT |
|---|---|---|
| Forward yield | 3.37% | 0.90% |
| Annual dividend | $2.12 | $0.99 |
| Payout ratio | 77% | 35% |
| Years of growth | 3 yr | 50 yr |
| 5-yr dividend growth | 1.9% | 5.5% |
| 5-yr total return | 2% | 114% |
| Dividend safety score | 55 (C) | 91 (A) |
| Fair value estimate | $71.00 | $62.79 |
| Upside to fair value | +15% | -41% |
| Frequency | quarterly | quarterly |
| Market cap | $133.8B | $876.9B |
| P/E ratio | 21.5 | 40.0 |
Higher yield
UL
3.37%
Safer dividend
WMT
Grade A
Faster growth
WMT
5.5%
Better value
UL
+15% upside
UL vs WMT — FAQ
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