AFG vs MA: Which Is the Better Dividend Stock?
As of Oct 9, 2026, AFG and MA are closely matched. 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 MA
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 0.61% for Mastercard Incorporated (MA).
- As of Oct 9, 2026, SmarterDividends grades AFG's dividend safety A (94/100) and MA's A (88/100).
- By SmarterDividends' count as of Oct 9, 2026, AFG has raised its dividend for 3 consecutive years and MA for 14.
- As of Oct 9, 2026, AFG pays out 30% of its earnings as dividends and MA pays out 18%.
- As of Oct 9, 2026, AFG's fair-value estimate is 38% above its share price and MA's fair-value estimate is 17% below its share price, so AFG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AFG vs MA: Dividend Yield, Safety & Value Compared," updated Oct 9, 2026, https://smarterdividends.com/compare/afg-vs-ma
| Metric | AFG | MA |
|---|---|---|
| Forward yield | 2.73% | 0.61% |
| Annual dividend | $3.88 | $3.48 |
| Payout ratio | 30% | 18% |
| Years of growth | 3 yr | 14 yr |
| 5-yr dividend growth | 12.1% | 13.7% |
| 5-yr total return | 2% | 65% |
| Dividend safety score | 94 (A) | 88 (A) |
| Fair value estimate | $196.46 | $477.57 |
| Upside to fair value | +38% | -17% |
| Frequency | quarterly | quarterly |
| Market cap | $11.8B | $503.5B |
| P/E ratio | 12.4 | 31.6 |
Higher yield
AFG
2.73%
Safer dividend
AFG
Grade A
Faster growth
MA
13.7%
Better value
AFG
+38% upside
AFG vs MA — FAQ
Is AFG or MA a better dividend stock?
AFG and MA are closely matched. AFG has the higher yield; AFG scores better on safety.
Which has a higher dividend yield, AFG or MA?
AFG has the higher forward dividend yield at 2.73%, versus 0.61% for MA.
Is AFG or MA safer?
AFG has the higher dividend-safety score (94/100 vs 88/100), reflecting stronger payout coverage and dividend-growth history.
Is AFG or MA 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 MA, its fair-value estimate is 17% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.