AFL vs BAC: Which Is the Better Dividend Stock?
As of July 2026, AFL (Aflac Incorporated) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. AFL offers the higher yield at 1.96%, AFL has the higher dividend-safety score, and BAC trades at the larger discount to fair value (+66%).
| Metric | AFL | BAC |
|---|---|---|
| Forward yield | 1.96% | 1.83% |
| Annual dividend | $2.44 | $1.12 |
| Payout ratio | 27% | 26% |
| Years of growth | 41 yr | 12 yr |
| 5-yr dividend growth | 15.7% | 8.4% |
| 5-yr total return | 120% | 47% |
| Dividend safety score | 99 (A) | 85 (A) |
| Fair value estimate | $127.75 | $101.75 |
| Upside to fair value | +2% | +66% |
| Frequency | quarterly | quarterly |
| Market cap | $63.2B | $424.0B |
| P/E ratio | 14.2 | 14.1 |
Higher yield
AFL
1.96%
Safer dividend
AFL
Grade A
Faster growth
AFL
15.7%
Better value
BAC
+66% upside
AFL vs BAC — FAQ
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