AFG vs BAC: Which Is the Better Dividend Stock?
As of Oct 9, 2026, AFG (American Financial Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. AFG offers the higher yield at 2.73%, AFG has the higher dividend-safety score, and AFG looks like the better value (its fair-value estimate is 38% above its share price).
Key facts: AFG vs BAC
Data as of · Source: SmarterDividends data
- As of Oct 9, 2026, American Financial Group, Inc. (AFG) has the higher forward dividend yield at 2.73%, versus 2.39% for Bank of America Corporation (BAC).
- As of Oct 9, 2026, SmarterDividends grades AFG's dividend safety A (94/100) and BAC's A (86/100).
- By SmarterDividends' count as of Oct 9, 2026, AFG has raised its dividend for 3 consecutive years and BAC for 12.
- As of Oct 9, 2026, AFG pays out 30% of its earnings as dividends and BAC pays out 26%.
- As of Oct 9, 2026, AFG's fair-value estimate is 38% above its share price and BAC's fair-value estimate is 22% above its share price, so AFG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AFG vs BAC: Dividend Yield, Safety & Value Compared," updated Oct 9, 2026, https://smarterdividends.com/compare/afg-vs-bac
| Metric | AFG | BAC |
|---|---|---|
| Forward yield | 2.73% | 2.39% |
| Annual dividend | $3.88 | $1.28 |
| Payout ratio | 30% | 26% |
| Years of growth | 3 yr | 12 yr |
| 5-yr dividend growth | 12.1% | 8.4% |
| 5-yr total return | 2% | 12% |
| Dividend safety score | 94 (A) | 86 (A) |
| Fair value estimate | $196.46 | $65.58 |
| Upside to fair value | +38% | +22% |
| Frequency | quarterly | quarterly |
| Market cap | $11.8B | $374.9B |
| P/E ratio | 12.4 | 12.4 |
Higher yield
AFG
2.73%
Safer dividend
AFG
Grade A
Faster growth
AFG
12.1%
Better value
AFG
+38% upside
AFG vs BAC — FAQ
Is AFG or BAC a better dividend stock?
On the data, AFG wins more head-to-head categories (5 vs 3). AFG offers the higher yield (2.73%), while AFG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AFG or BAC?
AFG has the higher forward dividend yield at 2.73%, versus 2.39% for BAC.
Is AFG or BAC safer?
AFG has the higher dividend-safety score (94/100 vs 86/100), reflecting stronger payout coverage and dividend-growth history.
Is AFG or BAC better value right now?
As of Oct 9, 2026, AFG looks like the better value: its fair-value estimate is 38% above its share price (undervalued). For BAC, its fair-value estimate is 22% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.