ASB vs MA: Which Is the Better Dividend Stock?
As of Oct 18, 2026, MA (Mastercard Incorporated) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. ASB offers the higher yield at 3.31%, MA has the higher dividend-safety score, and ASB looks like the better value (its fair-value estimate is 66% above its share price).
Key facts: ASB vs MA
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Associated Banc-Corp (ASB) has the higher forward dividend yield at 3.31%, versus 0.56% for Mastercard Incorporated (MA).
- As of Oct 18, 2026, SmarterDividends grades ASB's dividend safety A (87/100) and MA's A (89/100).
- By SmarterDividends' count as of Oct 18, 2026, ASB has raised its dividend for 14 consecutive years and MA for 14.
- As of Oct 18, 2026, ASB pays out 33% of its earnings as dividends and MA pays out 18%.
- As of Oct 18, 2026, ASB's fair-value estimate is 66% above its share price and MA's fair-value estimate is 23% below its share price, so ASB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "ASB vs MA: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/asb-vs-ma
| Metric | ASB | MA |
|---|---|---|
| Forward yield | 3.31% | 0.56% |
| Annual dividend | $0.96 | $3.48 |
| Payout ratio | 33% | 18% |
| Years of growth | 14 yr | 14 yr |
| 5-yr dividend growth | 5.3% | 13.7% |
| 5-yr total return | 32% | 96% |
| Dividend safety score | 87 (A) | 89 (A) |
| Fair value estimate | $48.16 | $474.95 |
| Upside to fair value | +66% | -23% |
| Frequency | quarterly | quarterly |
| Market cap | $5.5B | $540.9B |
| P/E ratio | 10.1 | 34.0 |
Higher yield
ASB
3.31%
Safer dividend
MA
Grade A
Faster growth
MA
13.7%
Better value
ASB
+66% upside
ASB vs MA — FAQ
Is ASB or MA a better dividend stock?
On the data, MA wins more head-to-head categories (5 vs 2). ASB offers the higher yield (3.31%), while MA has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, ASB or MA?
ASB has the higher forward dividend yield at 3.31%, versus 0.56% for MA.
Is ASB or MA safer?
MA has the higher dividend-safety score (89/100 vs 87/100), reflecting stronger payout coverage and dividend-growth history.
Is ASB or MA better value right now?
As of Oct 18, 2026, ASB looks like the better value: its fair-value estimate is 66% above its share price (undervalued). For MA, its fair-value estimate is 23% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.