AFL vs BAC: Which Is the Better Dividend Stock?
As of September 2026, AFL (Aflac Incorporated) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. AFL offers the higher yield at 2.12%, AFL has the higher dividend-safety score, and BAC trades at the larger discount to fair value (+46%).
| Metric | AFL | BAC |
|---|---|---|
| Forward yield | 2.12% | 2.05% |
| Annual dividend | $2.44 | $1.28 |
| Payout ratio | 26% | 26% |
| Years of growth | 41 yr | 12 yr |
| 5-yr dividend growth | 15.7% | 8.4% |
| 5-yr total return | 121% | 48% |
| Dividend safety score | 99 (A) | 86 (A) |
| Fair value estimate | $133.16 | $91.51 |
| Upside to fair value | +16% | +46% |
| Frequency | quarterly | quarterly |
| Market cap | $57.8B | $438.4B |
| P/E ratio | 12.4 | 14.5 |
Higher yield
AFL
2.12%
Safer dividend
AFL
Grade A
Faster growth
AFL
15.7%
Better value
BAC
+46% upside
AFL vs BAC — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.