AFL vs BAC: Which Is the Better Dividend Stock?
As of Oct 30, 2026, AFL (Aflac Incorporated) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. BAC offers the higher yield at 2.52%, AFL has the higher dividend-safety score, and BAC looks like the better value (its fair-value estimate is 24% above its share price).
Key facts: AFL vs BAC
Data as of · Source: SmarterDividends data
- As of Oct 30, 2026, Bank of America Corporation (BAC) has the higher forward dividend yield at 2.52%, versus 2.00% for Aflac Incorporated (AFL).
- As of Oct 30, 2026, SmarterDividends grades AFL's dividend safety A (99/100) and BAC's A (87/100).
- By SmarterDividends' count as of Oct 30, 2026, AFL has raised its dividend for 41 consecutive years and BAC for 12.
- As of Oct 30, 2026, AFL pays out 26% of its earnings as dividends and BAC pays out 26%.
- As of Oct 30, 2026, AFL's fair-value estimate is 9% above its share price and BAC's fair-value estimate is 24% above its share price, so BAC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AFL vs BAC: Dividend Yield, Safety & Value Compared," updated Oct 30, 2026, https://smarterdividends.com/compare/afl-vs-bac
| Metric | AFL | BAC |
|---|---|---|
| Forward yield | 2.00% | 2.52% |
| 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 | 123% | 14% |
| Dividend safety score | 99 (A) | 87 (A) |
| Fair value estimate | $134.35 | $63.43 |
| Upside to fair value | +9% | +24% |
| Frequency | quarterly | quarterly |
| Market cap | $61.9B | $354.0B |
| P/E ratio | 13.3 | 12.2 |
Higher yield
BAC
2.52%
Safer dividend
AFL
Grade A
Faster growth
AFL
15.7%
Better value
BAC
+24% upside
AFL vs BAC — FAQ
Is AFL or BAC a better dividend stock?
On the data, AFL wins more head-to-head categories (6 vs 2). BAC offers the higher yield (2.52%), while AFL has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AFL or BAC?
BAC has the higher forward dividend yield at 2.52%, versus 2.00% for AFL.
Is AFL or BAC safer?
AFL has the higher dividend-safety score (99/100 vs 87/100), reflecting stronger payout coverage and dividend-growth history.
Is AFL or BAC better value right now?
As of Oct 30, 2026, BAC looks like the better value: its fair-value estimate is 24% above its share price (undervalued). For AFL, its fair-value estimate is 9% above its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.