AFL vs MA: Which Is the Better Dividend Stock?
As of September 2026, AFL (Aflac Incorporated) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. AFL offers the higher yield at 2.12%, AFL has the higher dividend-safety score, and AFL trades at the larger discount to fair value (+16%).
| Metric | AFL | MA |
|---|---|---|
| Forward yield | 2.12% | 0.61% |
| Annual dividend | $2.44 | $3.48 |
| Payout ratio | 26% | 18% |
| Years of growth | 41 yr | 14 yr |
| 5-yr dividend growth | 15.7% | 13.7% |
| 5-yr total return | 121% | 64% |
| Dividend safety score | 99 (A) | 88 (A) |
| Fair value estimate | $133.16 | $573.72 |
| Upside to fair value | +16% | +1% |
| Frequency | quarterly | quarterly |
| Market cap | $57.8B | $498.6B |
| P/E ratio | 12.4 | 31.3 |
Higher yield
AFL
2.12%
Safer dividend
AFL
Grade A
Faster growth
AFL
15.7%
Better value
AFL
+16% upside
AFL vs MA — FAQ
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